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Inside the Market

Before the bell: BlackBerry dives as takeover deal dies

The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

Shares in BlackBerry plunged in the U.S. premarket after the Globe and Mail reported sources as saying the company is abandoning a plan to find a buyer and will instead raise $1-billion of new funds and replace its chief executive and some directors. The stock was later halted as the company issued a press release confirming the Globe report; shares have now resumed trading in the U.S. premarket and are down 16 per cent.