Quantcast


Last updated: October 10. 2013 3:41PM - 565 Views
Associated Press



Story Tools:

Font Size:

Social Media:

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


Lazaridis, a major shareholder, said Thursday in 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. The filing says the two own 8 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.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com