BlackBerry reportedly angling for $1 billion tax refund this year

11/7/2013 | Bloomberg Businessweek · Reuters

BlackBerry, which had expected to receive a $500 million tax refund in early fiscal 2015, is said to be pushing the Canadian government to deliver a larger payout -- up to $1 billion -- by the end of this year, according Bloomberg Businessweek. The troubled phone-maker ostensibly wants the cash to spur its turnaround efforts under interim CEO John Chen following the collapse of its $4.7 billion deal with Fairfax Financial Holdings, the report said. Separately, BlackBerry's $1 billion convertible debt offering has reportedly received an injection from a handful of investors, including $200 million from Qatar Holding, a Qatari sovereign wealth fund, as well as $250 million from Fairfax.

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Bloomberg Businessweek · Reuters

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