BlackBerry abandons bid to sell itself, CEO out

Associated Press
BlackBerry abandons bid to sell itself, CEO out

FILE - In this May 14, 2013 file photo, Thorsten Heins, president and CEO at BlackBerry, speaks at a conference in Orlando, Fla. BlackBerry abandoned its sale process on Monday, Nov. 4, 2013, and announced it will replace Heins. Fairfax, BlackBerry's largest shareholder with a 10 percent stake, said it won't buy the struggling smartphone company and take it private but said it and other investors will inject $1 billion as part of a revised investment proposal. (AP Photo/John Raoux, File)

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