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Blackberry Abandons Plan to Sell Company

Once-dominant smartphone manufacturer Blackberry has abandoned plans to sell itself. The Canadian technology firm said in August it was selling the company to Fairfax Financial Holdings for $4.7 billion, but Fairfax had trouble raising enough money to complete the deal. Instead, Blackberry said Monday that it would raise $1 billion from investors, with one-quarter of the money coming from Fairfax. In addition, Blackberry said it is replacing its chief executive, Thorsten Heins, and naming the ...

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