Blackberry Future

The Canadian company's BlackBerry smartphones will make the future now . The company canceled the planned sale of its largest shareholders have decided to raise $ 1.25 billion . The convertible debentures will be issued to the shareholders and institutional investors . The transaction is expected to be completed in two weeks .

Additionally , the company's CEO Thorstn Haynes be removed from office . Appointment of new CEO John Chen assume the position of interim CEO . The company will place them on the board . The strategic direction of the Company , will have the task of strategic relations and organizational goals .
Barbara Stimist Blackberry Board 's confidence in the company arise from this announcement . Its future will depend on investors . Three months ago the company Fairfax Financial Holdings Watts Indians love the Blackberry was the $ 4.7 billion deal to buy early . The first BlackBerry 10 per cent stake in Fairfax and is its largest shareholder .
Fairfax also through private placement announced that it will invest a billion dollars in convertible debentures . Also within 30 days debenture investors $ 25 million in additional investment option. Watts will be the Lead Director of Fairfax head Prem .