THE fortunes of BlackBerry have gone from bad to worse. On November 4th the proposed sale of the troubled Canadian smartphone-maker to its largest shareholder, Fairfax Financial, for $4.7 billion, was called off. Instead BlackBerry is raising $1 billion from a sale of convertible bonds, of which Fairfax will buy $250m. Thorsten Heins (pictured above), BlackBerry’s chief executive since January 2012, has been ousted.
