BlackBerry agrees to sell to group led by largest shareholder, Fairfax Financial Holdings Limited, for $4.7 billion. Ref. USAToday
Shares of BlackBerry have plunged 18% in pre-market trading following a report that its buyout deal with Fairfax Financial Holdings has fallen through. According to the "Toronto Globe and Mail," BlackBerry plans to ditch a plan with Fairfax that would have valued the company at $4.7 billion, and will instead raise $1 billion in new funds. The report, which cites sources, also claims BlackBerry CEO Thorsten Heins will leave the company. The Associated Press also issued a news alert, citing the company. Ref. USAToday
Qualcomm ordered to pay BlackBerry $815M
Qualcomm has been ordered to pay smartphone maker BlackBerry $814.9 million in a dispute over patent royalties. The San Diego company's patent licensing business is increasingly under attack from regulators and smartphone makers. Ref. Source 1m.