2023 Author: Gordon Kinson | [email protected]. Last modified: 2023-11-26 08:36
The Canadian company BlackBerry has published a press release, which refers to the decision of the board of directors not to sell the company to the investment fund Fairfax Financial, an agreement with which was signed back in September this year.
Recall that the agreement with Fairfax Financial stipulated a period during which BlackBerry could find more favorable conditions for the sale of its assets. However, according to sources inside the company, the deal fell through through no fault of the Canadian smartphone manufacturer. It is reported that Fairfax Financial currently does not have sufficient resources to take over BlackBerry (the deal was supposed to amount to $ 4.7 billion) and will acquire only a package of debt obligations in the amount of $ 1 billion.
Recall that the acquisition of BlackBerry was also interested in: co-founders of the company Mike Lazaridis and Douglas Freigin, former Apple CEO John Scully, Lenovo, FaceBook, Google and others. However, apparently in BlackBerry decided that the rescue of the drowning was the work of the drowning themselves and completely refused to sell their assets. In addition, it was announced that John Chen will succeed Torsten Haynes as CEO of BlackBerry.
Naturally, the market immediately reacted to the message from the Canadian vendor - the company's shares immediately fell to $ 6.5 (the fall was 16.5%). Taking into account the fact that sales of branded smartphones on its own BlackBerry platform in the last quarter “capped” a loss of $ 1 billion, it is not difficult to imagine the financial position of the company.
See also:
- Apple is hiring the best BlackBerry employees.
- The Canadian government is concerned about the fate of the BlackBerry.
- The number of iOS users is growing, Android and Blackberry are losing popularity.
- BlackBerry has another problem - the company is preparing to leave the stock exchange.
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