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BlackBerry’s CEO exits the company as its plan to find a buyer falls through

BlackBerry’s bid to find a buyer has failed. The Globe and Mail reports that its deal with Fairfax Capital has been abandoned, with BlackBerry instead collection $1 billion from Fairfax and other investors to try and salvage the company.

In addition, there are going to be some staff shakeups. The most notable, according to the Globe and Mail’s sources, is that CEO Thorsten Heins will depart the company. BlackBerry’s board will also be changed.

Given the newed interest in outside funding and Heins’ departure, BlackBerry may be trying to mount a last ditch attempt to turn things around. The BlackBerry 10 line of phones were met with tepid reviews, resulting in severely low sales numbers. The exit of Heins and a board reshuffle makes sense, then, but it’s hard to see where BlackBerry can go from here given the current state of the market.


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