BlackBerry abandons $4.7 billion rescue deal and replaces CEO Thorsten Heins

If you were looking for positive news about BlackBerry's future, we'd suggest you look away. Canada's favorite smartphone maker has announced that its $4.7 billion rescue deal with Fairfax has collapsed. Instead, the company has switched to Plan B -- raising $1 billion in cash with a debt issue and waving goodbye to current CEO Thorsten Heins.

via Tech News Headlines - Yahoo! News http://www.engadget.com/2013/11/04/blackberry-abandons-fairfax-deal-heins-out?ncid=txtlnkusaolp00000589