Menu
Matt Damon is Jason Bourne Again

Matt Damon is Jason Bourne Again

Galaxy Note 4 Screen is the World's Best

Galaxy Note 4 Screen is the World's Best

Iggy Azalea Sex Tape Controversy Heats Up

Iggy Azalea Sex Tape Controversy Heats Up

Paris Hilton just bought the Cutest and Smallest Dog

Paris Hilton just bought the Cutest and Smallest Dog

Kim Kardashian Flames Media about Kanye West Attack

Kim Kardashian Flames Media about Kanye West Attack

BlackBerry loses CEO, gets $1 billion for emergency investment

Nov 26 2013, 4:55am CST | by

After a lot of takeover and buyout offers from big names like Apple, Microsoft, Lenovo etc. it appears that BlackBerry has got united to keep itself strong and in one piece.

BlackBerry loses CEO, gets $1 billion for emergency investment
Photo Credit: yahoo!
 
 

YouTube Videos Comments

Full Story

BlackBerry loses CEO, gets $1 billion for emergency investment

BlackBerry loses CEO, gets $1 billion for emergency investment
Photo Credit: crackberry

News is out that the companies had offered to buy the patents or intellectual properties of BlackBerry only. However, there was news that Fairfax Financial Holdings had proposed a takeover proposal of $4.7 billion. But what happened to the offer may never be known as pointed by Ramon Llamas, the Research Manager for mobile phones; “there was a degree of surprise here that the deal has fallen through. What happened to the $4.7 billion deal, we’ll never really know. Instead BlackBerry now looks to raise $1 billion to keep the company together for now.”

The news is followed by one more news that Thorsten Heins has stepped down as the CEO of BlackBerry and John Chen the Sybase Chief Executive will take the reign of the company for the time being. It seems that BlackBerry still has some trust on itself as some institutional investors have agreed to put forward $1 billion as salvage money. For a company who has already cut almost 40% of its employees, only time will tell how appropriate the decision was.

However, according to Roger Entner, the Principal Analyst at Recon Analytics, BlackBerry might be thinking of to, "buy sufficient time with a $1 billion investment to figure out what they are worth dead and how much they are worth alive." For now let’s just hope that company truly finds out a way out of the mess.

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/28" rel="author">Triszia Marie Santos</a>
Triszia Marie Santos is navigating the mobile device space for you. She is an early adopter in all things mobile and loves to write about the latest mobile trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

First iPhone 6 Teardown Photos Published
First iPhone 6 Teardown Photos Published
The First Photos of an iPhone 6 Teardown have surfaced.
 
 
Ahmad Bradshaw appears in Monday Night Football Special
Ahmad Bradshaw appears in Monday Night Football Special
Ahmad Bradshaw appeared in the Monday Night Football Special and showed the world what he had in terms of playing talent.
 
 
Nina Dobrev Plots to Move Away from Vampire Diaries to Avoid Ian and Nikki
Nina Debrov is planning to leave Vampire Diaries
 
 
Jennifer Lawrence shines in New Trailer of The Hunger Games: The Mockingjay Lives
Jennifer Lawrence shines in New Trailer of The Hunger Games: The Mockingjay Lives
The highly fit and accomplished actress, Jennifer Lawrence shines in the latest installment of The Hunger Games movie franchise titled The Mockingjay Lives.
 
 
 

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.