Thursday, November 7, 2013

BlackBerry Pins Recovery Hopes On Rumored $1 Billion In Tax Refunds

 

BlackBerry has been bleeding red for years. It turns out that might be the very thing that saves the company.
After its $4.7 billion buyout deal collapsed, the company suddenly reversed gears, announcing that it would forge ahead on its own. Well, not exactly on its own. The company is counting on a $1 billion infusion of cash from an investment group led by Canadian financier Prem Watsa.

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