BlackBerry to Sell $605 Million of Convertible Debt to Fairfax (BBRY, FRFHF)
Struggling Canadian-smartphone maker, BlackBerry Ltd (BBRY), has announced it will raise around $605 million by selling convertible debentures to the company’s second largest shareholder, Fairfax Financial Holdings Ltd (FFH.PR.M) and other investors. Struggling Smartphone Maker Shifts Production Focus If all of BlackBerry’s newly issued debt is converted into stock, the ... Read More »