The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Tags: BlackBerry Ltd
Former SAP executive John Sims to head BlackBerry's key business segment
Troubled smartphone maker BlackBerry on Tuesday announced that John Sims will join the company as head ofmits gloabl enterprise services business. Sims is a former executive at German software firm SAP.
Two more executives to leave Canada's beleaguered BlackBerry
Sources told the Wall Street Journal that BlackBerry's executive vice president of global sales and official in charge of its mergers and acquisitions strategy will be departing the struggling smartphone maker in weeks.
Is Chen finally BlackBerry's beacon of hope?
Newly named BlackBerry executive chairman and interim CEO John Chen doesn't doubt the Canadian company's ability to make a comeback.
BlackBerry rejects proposals of a company break-up
BlackBerry rejected proposals to break-up and sell all or parts of the Canadian company. BlackBerry Ltd's board rejected proposals to break-up the Canadian smartphone company, saying that it is currently not in the best interest of all of its stakeholders.
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Blackberry agreed to enter into a USD billion convertible debenture sale, which would saw its top executives including cheif executive officer Thorsten Heins leaving the company
Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.
A report from Canadian newspaper Globe and Mail said that John Sculley, a former Apple CEO, was mulling a possible bid for BlackBerry.
The Investment Canada Act would be a major hurdle for foreign companies like Lenovo who wish to acquire Blackberry as a whole or in parts.
According to a securities filing, BlackBerry Ltd co-founders Mike Lazaridis and Douglas Fregin were said to have an interest in putting up an alternative bid for the smartphone maker.
Shareholder Marvin Pearlstein filed a lawsuit against Blackberry Ltd and its top executives for providing false information about the company's financial position and business growth of its newest smartphone line.
In a released statement, Blackberry Ltd said that it would be cancelling its quarterly earnings call and webcast scheduled for Friday this week.
Financing for the Blackberry Ltd buyout by Fairfax Financial Holdings Ltd. would be largely dependent on the smartphone maker's debt-free assets, said financial analysts.
According to sources who told Reuters, interest in buying BlackBerry Ltd was lukewarm that the company would have to break its business up to exit.
