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BlackBerry’s $4.7B deal fails, CEO Thorsten Heins is out

| November 4, 2013 | 110 Replies

 

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Not only is this quite major news but for a long time, Nokia fans have been looking at BlackBerry’s bleak future and making comparisons. Some said that BB were doing well having stuck to their guns and sticking to BBOS versus Nokia going a different route on WP. Both of course haven’t gone to plan. Whilst WP is growing and Lumia is on record sales, this still wasn’t enough to keep Nokia from selling off their D&S division.

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Plans to take BlackBerry private in a 4.7 billion dollar Fairfax deal have failed. Thorsten Heins has been ejected and now the company is planning to raise 1 billion dollars selling convertible notes to investors.

Is this going to make a difference or just delaying the inevitable for BB? How much is Heins walking away with? Could BB’s fate have been different? If so how? Earlier release of BB10? Like if Maemo/MeeGo was released much sooner?

Source: CNET

Cheers Viipottaja for the tip!

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Category: Nokia

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