BlackBerry abandons $4.7 billion rescue deal and replaces CEO Thorsten Heins

BlackBerry abandons $4.7 billion rescue deal and replaces CEO Thorsten Heins

In case you’ve been looking out for constructive details about BlackBerry’s future, we’d advocate you look away. Canada’s favorite smartphone maker has launched that its $4.7 billion rescue deal with Fairfax has collapsed. Instead, the company has switched to Plan B — elevating $1 billion in cash with a debt problem and waving goodbye to current CEO Thorsten Heins. The board is presently looking for a various, nevertheless inside the meantime, John S Chen, former CEO of Sybase, which is now a part of SAP, will take the reins as interim CEO. The one issue we have now however to review is what this suggests for BlackBerry’s Worldwide Inventive Director, nevertheless she’s most likely preoccupied inside the recording studio.

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