Well, the BlackBerry buyout didn’t happen after all; instead, Fairfax will pay out $250M of BlackBerry’s debt and will secure $750M in similar investments from other parties, which accounts for a total of $1B for BlackBerry. Oh, and there’s also a new CEO: John Chen.

According to a recent Reuters report, the new CEO not only believes in the BlackBerry handset, but has no intention of ditching it. We’ll likely see more BlackBerry-branded phones in the future, as Chen expressed his belief that “we have enough ingredients to build a long-term sustainable business. I have done this before and seen the same movie before”. To also show some confidence, the executive chairman and interim chief executive officer also said: “there is a lot to do. There are a lot of challenges or otherwise I would not be interested.”

Source: Reuters

You May Also Like
OnePlus might not launch another McLaren Edition phone in the future
OnePlus is no longer listed on the official McLaren partner brands page, indicating that the collaboration has come to an end.
HUAWEI P40 Lite 5G
HUAWEI P40 Lite 5G goes official as a revamped Nova 7 SE 5G
It features 40W fast charging.
Galaxy S20 with mmWave 5G support coming to Verizon in exclusive Cloud White color
Starting June 4, Verizon will sell a new variant of the Galaxy…