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.

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Story added 5. November 2013, content source with full text you can find at link above.