The financial crisis facing the Canadian company’s BlackBerry smartphone maker no longer hike . The company convertible debentures to rebuild itself ( Kanwartebl notes ) through fifteen billion raise from the market .
The company now does business in a new way all with different strategies . BlackBerry smart phone sales now completely ignoring will focus on software and services business .
Blackberry with its Chief Executive Officer ( CEO ) Thorsten Hins is also removed from office . The Walt Disney Company and Wells Fargo replaced director John Chen will be the company’s interim CEO .
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They will be replaced by corporate boards as well. the company’s strategic direction, strategic relations and its goal of cracking the organization. this changed strategy to sell the plan to the BlackBerry company is revoked, that being the last two months combing possibilities. Facebook, cerberus capital management and private equity firm Lenovo etc for dialogue issued a statement by BlackBerry was told. The company owns Fairfax financial promoters involved in love Watts will lead this company director again.
Fairfax Financial will invest $ 25 million.
The owner of Fairfax Watts love to stay connected long after the BlackBerry were separated from the company a few months ago .
Watts ‘s economic crisis deepened in September on BlackBerry BlackBerry 4.7 billion to acquire the company acquired a tentative agreement was signed .
Watts once again by extending a hand to help the company through Rinptron convertible Fairfax Financial has agreed to invest $ 25 million .
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Blackberry is currently 10 per cent of Fairfax .
Blackberry news of selling the company’s shares on the stock market affected . Last season, nearly 16 per cent of BlackBerry stock at a price of $ 6.50 came along .
Also many times per capitalization of the company fell to 3.38 billion dollars , which ever was at the height of $ 80 billion .
• Instead of selling smart phone Blackberry will focus on software and services business
• The Company will not sell , market Kanwartebl notes to raise $ 1.25 billion through capital
• Walt Disney Thorsten Hins replacing interim CEO John Chen will
• Watts of Fairfax head Prem then extended a helping hand to the rescue
• 25 million investment will be invested Watts Lead Director
• Businesses will reverse the new way
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