BlackBerry's CEO Shakeup: IoT Spinoff Cancelled, New Leader Named
TL;DR
BlackBerry has reversed its decision to spin off its internet-of-things business and will instead reorganize to keep it in-house alongside its cybersecurity unit. The company aims for each division to operate independently and be profitable and cashflow-positive going forward. Additionally, BlackBerry has named a new CEO.
- BlackBerry Cancels Spinoff of Internet-of-Things Unit, Names New CEO Bloomberg
- BlackBerry names insider as CEO, abandons IPO plans for IoT business Yahoo Finance
- BlackBerry names cybersecurity chief CEO, confirms plan to separate IoT and cybersecurity businesses MarketWatch
- Contra Guys: Why we're holding firm on BlackBerry in the wake of its latest shakeup The Globe and Mail
- BlackBerry Will Separate Cybersecurity and IoT Units PYMNTS.com
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