No love lost for BlackBerry, Watsa after surprise deal - Reuters

BlackBerry Ltd's decision to accept a $1 billion cash injection from a group of investors led by Canadian financier Prem Watsa shocked other potential bidders for the smartphone maker and has left some investors crying foul, reports Reuters. With the investment deal, BlackBerry abruptly ended an auction process that many investors had hoped would have led to a sale of the company or some of its assets, ending a long decline in its fortunes as a public company. However, the deal with the Watsa-led group gives BlackBerry more time to come up with a new turnaround strategy and installs a respected industry executive, John Chen, to lead the charge.

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