This ain't World War Z, but it seems like BlackBerry could be back from the dead.
BlackBerry announced that they're ending their sales bid today, and are going to start fresh with a new CEO. Fairfax Financial Holdings, the bidder that looked to drop more than $4 billion to buyout the company, is now putting in a $1 billion investment. Thorston Heins, BlackBerry's CEO, will step down and John Chen will fill his position in an interim role, and will also be the executive chair of the company's board of directors. "BlackBerry is an iconic brand with enormous potentialâ€”but it's going to take time, discipline and tough decisions to reclaim our success," said Chen. "I look forward to leading BlackBerry in its turnaround and business model transformation for the benefit of all of its constituencies, including its customers, shareholders and employees."
It's somewhat nice to see the company attempt to give it another go, instead of being sold off into pieces to other companies, or being bought out by another tech company like Facebook or Google. (A lot of people are still in shock about Nokia's fate when they were bought by Microsoft.) Competition spurs better products, and all BlackBerry needs is to bring in the right people to make their devices cool again. Hey, BBM for iOS and Android got more than 10 million download in a day, so BlackBerry isn't out of people's minds just yet; even if it's just for nostalgia.
[via USA Today]