Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

Blackberry Z30 Fails But BlackBerry Completes $1 Billion Investment

Although Blackberry Z30 smartphone fails to impress, but Blackberry still completes its previously-announced US $1 billion investment on Wednesday.

Nov 14 2013, 3:15am CST | by

1 Updates
Blackberry Z30 Fails But BlackBerry Completes $1 Billion Investment

Image Credit: BlackBerry
 
 

YouTube Videos Comments

Full Story

Blackberry Z30 Fails But BlackBerry Completes $1 Billion Investment

Blackberry has announced on Wednesday that it has completed the US $1 billion investment. The Canadian firm has announced previously to sale US $1 billion debentures to private companies. Yesterday, Blackberry completes this private placement of US $1 billion convertible debentures to Fairfax and other institutional investors.

The sole book runner and placement agent for the private placement of the Blackberry debentures is BMO Capital Markets. Blackberry is also offering investors additional U.S. $250 million debentures for purchase within 30 days.

As the financing completes, John S. Chen becomes the BlackBerry's Executive Chair and Interim CEO. He said, "I am excited to be joining this iconic brand at such an important moment in its history. I look forward to leading the company through a successful transformation and restoring BlackBerry's position as an innovative, successful company. I believe in the value of this brand and am confident we will rebuild BlackBerry for the benefit of all of our constituencies."

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Mike Shanahan Fallout Was 'Heartbreaking,' Per RGIII
Mike Shanahan Fallout Was 'Heartbreaking,' Per RGIII
Washington Redskins quarterback Robert Griffin III described his fallout with former Redskins head coach Mike Shanahan as "heartbreaking," per Bleacher Report's Les Carpenter.
 
 
iPad History
iPad History
The long history of iPad
 
 
Wes Welker Suspended 4 Games for Violating NFL's PED Policy
Wes Welker Suspended 4 Games for Violating NFL's PED Policy
The NFL suspended Denver Broncos wide receiver Wes Welker for the first four games of the upcoming 2014 regular season for testing positive for Aderall, a banned performance-enhancing drug (PED).
 
 
Luol Deng Concerned About Future of British Basketball
Luol Deng Concerned About Future of British Basketball
Miami Heat forward Luol Deng expressed his concern for the future of British basketball in an Aug. 26 interview with the UK's Press Association.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.