Blackberry was on the brink of survival as they had hopes of a take over which has now taken turn to be an investment of just $1 billion from Fairfax Financial.
Fairfax Financial was suppose to be taken over the company previously, but now seems to just be an attempt to raise awareness and possible take over competition from anyone else who might have been interested.
To take matters further, Blackberry has also axed its current CEO Thornsten Heins; Blackberry are to replace him with an interim chief executive officer, John S Chen as until a full replacement can be found.
