Remember when BlackBerry said that it planned to sell the company for $4.7 billion to Fairfax Financial, one of its biggest investors? If not, don’t worry about it, because BlackBerry has changed its mind and decided not to sell. What’s next for the Canadian smartphone giant?
In the immediate future, BlackBerry will have a new face in charge. CEO Thorsten Heins will be leaving the company and John Chen will take over on an interim basis. Chen is the new head of BlackBerry because Fairfax reportedly couldn't raise the $4.7 billion necessary to acquire the struggling handset and enterprise service provider. Fairfax will now spend $1 billion to acquire more shares in BlackBerry and hope that it can grow into a solid business once again.
Phone fans still have questions about what this will mean for BlackBerry devices. Will the new CEO continue to push the company to design and build phones to compete, or will he try to focus on the enterprise market instead? BlackBerry announced plans to release fewer smartphones aimed at consumers because of poor sales, but that was a strategy put forward by a departing executive. John Chen has said he does not plan to shutdown the handset business and will continue pushing for success in the long-term. How much longer will BlackBerry work towards that goal?
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