Ericsson has agreed to acquire Cradlepoint, a US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.
GoCardless has launched GoCardless for Salesforce Billing on Salesforce AppExchange, providing Salesforce customers with direct access to the GoCardless global bank debit network to help them take control of their domestic and international recurring payments.
BlackBerry will report results for the second quarter of fiscal year 2021 at 8:00 a.m. ET on Thursday, September 24, 2020. The conference call can be accessed by dialing +1 (877) 682-6267 or live streamed on the Company’s website here.
BlackBerry completed its debt refinancing Tuesday, which left Fairfax Financial holding 90% of new 1.75% BlackBerry convertible debt. On the same day, Billionaire investor Prem Watsa, leader of Fairfax Financial Holdings, upped his stake in BlackBerry by 117.99%.
Fairfax Financial Holdings (Fairfax) has acquired control of $330M of 1.75% subordinated convertible debentures issued by BlackBerry, representing 90% of BlackBerry's private placement of $365M of the debentures that closed.
BlackBerry has completed the redemption of all of its 3.75% unsecured convertible debentures (TSX: BB.DB.V) (the "3.75% Debentures") on September 1, 2020. None of the 3.75% Debentures were converted into common shares of BlackBerry prior to redemption.
BlackBerry has announced the amendment of the indenture governing its outstanding 3.75% unsecured convertible debentures to permit the optional redemption of the 3.75% Debentures prior to November 13, 2020.
BlackBerry Shareholder Dorsey R. Gardner has objected to BlackBerry's recently announced recapitalisation transactions, which he argues give rise to a clear conflict of interest as they involve Fairfax Financial Holdings Limited and certain of its affiliates (collectively, "Fairfax")
sync. is aiming to become the first digital smart open banking app offering an easy-to-use financial service across Europe, promising to manage every aspect of a user's financial life in one place. sync. says it was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer.
BlackBerry has provided further details regarding the proposed refinancing of its outstanding US$605 million principal amount of 3.75% unsecured convertible debentures, which mature on November 13, 2020. BlackBerry announced the proposed refinancing on July 22, 2020, and intends to complete the transaction on September 1, 2020.
The new Samsung Pay Card, powered by Curve, and in conjunction with Mastercard, is now available in the UK. The Samsung Pay Card is a digital card that allows Samsung Pay Customer keep all of their Mastercard and Visa branded credit and debit cards in one place.