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Monday, November 4, 2013

Blackberry Sale Off, CEO Steps Down

Thorsten Heins, CEO of BlackBerry Limited, is stepping down. (Mark Lennihan/AP)

Thorsten Heins, CEO of BlackBerry Limited, is stepping down. (Mark Lennihan/AP)

Blackberry announced today that a deal to buy the ailing company is off. Instead, it will receive a $1 billion investment to help it move forward.

Up until about two years ago, the company was a strong leader in the smartphone market, but a series of missteps caused the company to lose its place.

Financial Times reporter Cardiff Garcia joins Here & Now’s Jeremy Hobson with the latest.

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