BlackBerry calls off sale, to replace CEO -Globe

Mon Nov 4, 2013 8:27am EST
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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.