- The Globe and Mail reports BlackBerry (BBRY) is abandoning its efforts to find a buyer, and will replace CEO Thorsten Heins.
- The report comes ahead of Fairfax Financial's 5PM ET deadline for shoring up financing for its $9/share bid. Few expected the firm up to come up with the necessary funds.
- Shares -18.2% premarket.
BlackBerry reportedly abandons sale efforts, replacing CEO; shares plunge
Nov 4 2013, 08:25 ET