Tag Archives: investment

Fairfax’s $5bn Blackberry acquisition terms altered as Heins finally steps down

The proposed sale of troubled phone specialist Blackberry to Fairfax Financial Holdings has been scrapped. It was revealed last month that Fairfax had in principle agreed to acquire the company for $4.75bn. However, that announcement came with the proviso that both parties were able to walk away before November 4th. …

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Ubisoft reveals $370m Canadian dev investment

Ubisoft is set to invest $373 million into its Quebec operations over the next seven years, a move that will generate 500 additional jobs in the province. The publisher is investing in the expansion of its motion capture technologies, and consolidating its online games operations and infrastructure in Montreal. The …

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PS4 will not repeat PS3 losses, Sony vows

Sony will not suffer financially in an effort to get PS4 out of the door, it has vowed. Bloomberg reports that Sony lost over $3.5bn in 2007 and 2008 as it attempted to launch the PS3 into global markets. The console itself did not become profitable until late 2011. That …

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