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  • Mike
    SunStream
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    SUNCITY MORNING SHOW (SMS)
    6am - 9am
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    SunSet
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Blackberry abandons sale plan

Blackberry is abandoning plans to sell itself as it seeks to replace Chief Executive Officer, Thorsten Heins. The smartphone company will now begin the process to raise $1 billion from institutional investors, which include its largest shareholder. The Fairfax consortium which was planning to takeover Blackberry is now revising its investment proposal for the smartphone company.