A few weeks ago, the smartphone maker announced it had signed a letter of intent to sell the company valued at $4.7 billion to Fairfax Financial Holdings. Instead, in a statement released Monday, BlackBerry announced it will receive a $1 billion investment from Fairfax Financial and others. BlackBerry CEO Thorsten Heins will step down and be replaced by interim CEO John Chen.
Did you know November is National Novel Writing Month?
It isn't by order of Congress, but it is on the internet, where you'll see this combination of letters — NaNoWriMo — all over the place, making absolutely no sense and sounding to the uninitiated like a species of caterpillar or a ship on Star Trek. Amusingly enough, even that is too long for participants trying to pound out a book in a month, so they call it, very often, "NaNo."