- Summary: BlackBerry officially lost over $1 billion last quarter. As predicted a week ago, the struggling Canadian handset maker is in trouble. In the 2014 second fiscal quarter, it lost $1.049 billion compared to $753 million in the previous quarter. A significant part of revenues came from selling 3.7 million BlackBerry 7 handsets being phased out. The company's president and CEO Thorsten Heins said they were disappointed with the results and announced changes. BlackBerry is set to become a private company in a $4.7 billion deal. Fairfax Financial Holdings Ltd. leading the charge said the equity part of the offer would be "oversubscribed" and they have a lot of interest.
- Main points: BlackBerry's significant loss last quarter, its struggling position, plans for changes, and the upcoming private deal.
- Key information: Loss details ($1.049 billion vs. $753 million), source of revenues (BlackBerry 7 handsets), Heins' statement, and details of the private deal.
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