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BlackBerry abandons bid to sell itself, CEO out

November 5, 2013
By ROB GILLIES , The Associated Press

TORONTO - BlackBerry has abandoned its bid to sell itself and is replacing its chief executive. Fairfax Financial, BlackBerry's largest shareholder with a 10 percent stake, said Monday it won't buy the struggling smartphone company and take it private. Instead, Fairfax and other investors will inject $1 billion as part of a revised investment proposal.

 
 

 

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