BlackBerry scraps search for buyer, ousts CEO | Bangkok Post: news

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BlackBerry scraps search for buyer, ousts CEO

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BlackBerry abandoned hopes of finding a buyer, and instead pegged its future on a $1 billion cash infusion as it shook up top management Monday and named a new chief executive. 

Thorsten Heins works on his Blackberry Playbook in Waterloo, Ontario, in this July 10, 2012 file photo

The Waterloo, Ontario-based company's announcement comes two and a half months after its largest shareholder Fairfax Financial Holdings Inc. offered to buy the rest of the business and take it private.

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