0
Wireless

BlackBerry co-founders consider takeover bid

Friday 11 October 2013 | 09:00 CET | News
BlackBerry co-founders Mike Lazaridis and Doug Fregin are considering a joint bid to acquire the smartphone maker. They disclosed an 8 percent stake in the company in a SEC filing and said they have hired bank advisers to consider a full takeover of the group. BlackBerry agreed last month to a takeover by its largest shareholder Fairfax Financial for USD 4.7 billion. Fairfax holds around 10 percent in the company. However, the Fairfax bid still depends on due diligence and a final agreement. Goldman Sachs and Centerview Partners are advising the BlackBerry co-founders on their potential bid.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: BlackBerry
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Lazardis cuts BlackBerry stake to under 5%

Published 27 Dec 2013 08:46 CET | World
BlackBerry co-founder Michael Lazaridis has reduced his combined stake with another co-founder in the smartphone maker to just ...

BlackBerry top management steps down

Published 25 Nov 2013 15:58 CET | World
BlackBerry's COO, CFO and CMO are stepping down, following the recently announced departure of CEO Thorsten Heins and completion ...

BlackBerry completes convertible debt issue

Published 14 Nov 2013 09:21 CET | World
BlackBerry announced that it has completed the previously-announced USD 1 billion private placement of convertible debt to ...

BlackBerry abandons sale, CEO steps down

Published 04 Nov 2013 15:39 CET | World
BlackBerry has abandoned plans to sell the company and instead agreed a new investment and management team led by its largest ...

Qualcomm considers joint bid for BlackBerry - report

Published 04 Nov 2013 08:58 CET | World
Qualcomm is in talks to join a possible bid for BlackBerry, people familiar with the matter told the Wall Street Journal. ...

BlackBerry approaches Facebook on acquisition - report

Published 30 Oct 2013 09:19 CET | World
BlackBerry executives flew to California to meet with Facebook last week to gauge its interest in a potential bid for the ...

Canada streng op veiligheid inzake overname BlackBerry

Published 21 Oct 2013 09:43 CET | Canada
De Canadese overheid bekijkt in hoeverre een overname van BlackBerry door een buitenlandse partij conflicteert met de nationale ...

Lenovo considers bid for BlackBerry - report

Published 18 Oct 2013 09:12 CET | World
Lenovo is actively considering a bid for all of BlackBerry, people familiar with the matter told the Wall Street Journal. Bids ...

BlackBerry pledges customer support in open letter

Published 15 Oct 2013 09:57 CET | World
BlackBerry has published an open letter to customers in major newspapers around the world to reassure them the company will ...

BlackBerry verzekert klanten van voortbestaan

Published 15 Oct 2013 08:44 CET | World
BlackBerry heeft via advertenties in vooraanstaande publicaties in negen landen opgeroepen vooral vertrouwen te blijven houden in ...

BlackBerry-oprichters willen onderneming terugkopen

Published 11 Oct 2013 08:47 CET | Canada
BlackBerry's co-oprichters Mike Lazaridis en Doug Fregin hebben laten weten dat ze eventueel een bod willen uitbrengen op het ...

Cisco, Google, SAP eye BlackBerry acquisition - report

Published 07 Oct 2013 11:54 CET | World
BlackBerry is in talks with Cisco, Google and SAP about selling them all or parts of itself, Reuters reports, citing unnamed ...

BlackBerry attracts more interested suitors - report

Published 03 Oct 2013 09:13 CET | World
Investor Cerberus Capital Management could be interested in BlackBerry, the Wall Street Journal reported, citing people familiar ...

BlackBerry disappointed by Q2 results as revenue falls 49%

Published 27 Sep 2013 16:48 CET | World
BlackBerry has reported revenue of USD 1.6 billion for the second quarter ending 31 August, down 49 percent from USD 3.1 billion ...

FairFax-led group signs LoI to acquire BlackBerry

Published 23 Sep 2013 21:22 CET | Canada
BlackBerry has signed a letter of intent to sell the company to a consortium led by Canadian insurance firm FairFax Financial. ...

BlackBerry cuts 4,500 jobs and streamlines portfolio

Published 21 Sep 2013 23:20 CET | World
Blackberry said it will cut approximately 4,500 jobs and streamline its smartphone portfolio from six to four devices. It will ...





Calendar   /   Industry Events

25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
01 Feb Tele2 Q4
01 Feb A10 Networks Q4
01 Feb Vantage Towers fiscal Q3
01 Feb Vodacom fiscal Q3
01 Feb EA fiscal Q3
::: More Calendar Items