Voice of America: Blackberry Abandons Plan to Sell Company

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

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Blackberry Abandons Plan to Sell Company Nov 4th 2013, 15:34, by webdesk@voanews.com (Reuters) BlackBerry Ltd  is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday.   Shares of BlackBerry dropped 16.3 percent to $6.50 in premarket trading. The company said it would raise the money with a private placement of convertible debentures.   John Chen will be appointed executive chairman and will be interim CEO while ... Media files: FE5C3C71-EE96-43E2-9B9E-429A856AF460_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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