Blackberry Said to Keep Pursuing Sale After Securing Financing

BlackBerry Ltd. will keep pursuing a sale of the company or units now that it has secured $1 billion in financing from investors led by Fairfax Financial Holdings Ltd. (FFH), according to people familiar with the situation.

The financing is intended to stabilize BlackBerry as it burns cash, the people said.

To contact the reporter on this story: Serena Saitto in New York at ssaitto@bloomberg.net

To contact the editor responsible for this story: Kevin Miller at kmiller@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.