Saturday, October 25, 2014
Search
  
Friday, March 21, 2014
 BlackBerry To Sell Most of Its Canadian Real Estate
You are sending an email that contains the article
and a private message for your recipient(s).
Your Name:
Your e-mail: * Required!
Recipient (e-mail): *
Subject: *
Introductory Message:
HTML/Text
(Photo: Yes/No)
(At the moment, only Text is allowed...)
 
Message Text: Struggling smartphone maker BlackBerry has entered into an agreement pursuant to which it will sell the majority of its real estate holdings in Canada.

The announced transaction will bring cash to the company for its turnaround plan.

Under the terms of the agreement, BlackBerry will sell more than 3 million square feet of space as well as vacant lands. BlackBerry will also lease back a portion of the space.

BlackBerry expects closing to occur in the first quarter of fiscal 2015.

"The successful sale of property in Canada will help us move toward our goal of continued operational efficiency," said BlackBerry CEO and Executive Chair, John Chen. "As previously stated, BlackBerry remains committed to having a strong presence in Canada and we continue to consider Waterloo home to our global headquarters."


 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .