BlackBerry
Sells Majority of Its
Canadian Real Estate
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BlackBerry has an**unced an agreement to sell the bulk of its
Canadian Real Estate holdings, as the handset maker stockpiles cash to help its pivot toward emerging market consumers.
The company said in a blog post the deal includes 3 million square feet as well as "vacant lands," and that it will lease back some of the property.
See also:
White House May Ditch BlackBerry for Android
Canada has been BlackBerry's base of operations since the company was founded in 1984,
“The successful sale of property in Canada will help us move toward our goal of continued operational efficiency,” said
BlackBerry CEO John Chen in the blog post. “As previously stated,
BlackBerry remains committed to having a strong presence in Canada and we continue to consider Waterloo home to our global headquarters.”
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