Source:
https://scmp.com/business/companies/article/1347872/blackberry-ends-buyer-search-after-chief-exits
Business/ Companies

BlackBerry ends buyer search after chief exits

BlackBerry chief executive Thorsten Heins. Photo: Reuters

BlackBerry yesterday abandoned hopes of finding a buyer, and instead pegged its future on a US$1 billion cash infusion and new management, after the sudden departure of its chief executive.

The company's announcement comes nearly three months after its largest shareholder Fairfax Financial offered to buy the rest of the business and take it private.