BlackBerry Abandons Sale Process

BlackBerry Ltd’s effort to find a buyer has failed, leaving the company to attempt a hastily arranged restructuring that raises even more questions for the beleaguered smartphone maker.

The Canadian company said Monday it abandoned a tentative $4.7 billion plan to go private and instead will continue as a public company with new leadership and a $1 billion investment from a group led by major shareholder Fairfax Financial Holdings Ltd.