Tags: smartphone | BlackBerry | sale | shareholder

BlackBerry Founder Looking at Buying Company

Thursday, 10 Oct 2013 02:47 PM

BlackBerry founder Mike Lazaridis says he's looking at making a potential takeover bid for the struggling smartphone company.

Lazaridis, a major shareholder, said in a filing with the Securities and Exchange Commission that he and Douglas Fregin, who helped launch the company, are looking to potentially acquire all of the shares they don't currently own, either by themselves or with other interested parties. Together, they own about 16 percent of BlackBerry.

BlackBerry announced last month that Fairfax Financial Holdings Ltd. signed a letter of intent that "contemplates" buying the Canadian company for $9 a share, or $4.7 billion. Fairfax, BlackBerry's largest shareholder, is trying to attract other investors.

Private equity firm Cerberus is also interested in looking at Blackberry's books as a step toward a possible bid.

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BlackBerry founder Mike Lazaridis says he's looking at making a potential takeover bid for the struggling smartphone company.
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2013-47-10
Thursday, 10 Oct 2013 02:47 PM
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