November 4, 2013 / 1:27 PM / 4 years ago

BlackBerry calls off sale, to replace CEO -Globe

Nov 4 (Reuters) - BlackBerry Ltd is abandoning a plan to sell itself and will instead raise some $1 billion and replace its chief executive, the Globe and Mail newspaper said on Monday, citing sources.

The Globe said the smartphone maker plans to raise the $1 billion by selling convertible notes.

BlackBerry couldn’t immediately be reached for comment.

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