Description: To generate cash to help turnaround the company, Blackberry has reached an agreement to sell most of its real estate in Canada: this includes more than 3 million square feet of space. This sale will generate nearly $550 million.
Source: Financial Post
Date: March 21, 2014
Questions for Discussion:
- What will become of the employees working at these places?
- What are some of the reasons for this sale?
- Could this be a way towards slowly but surely divesting the company or a way to offload unneeded assets to help reestablish itself?
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