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Wireless

Lazardis cuts BlackBerry stake to under 5%

Friday 27 December 2013 | 08:46 CET | News
BlackBerry co-founder Michael Lazaridis has reduced his combined stake with another co-founder in the smartphone maker to just under 5 percent, according to a SEC filing. Lazardis indicated he no longer plans to pursue a joint bid to acquire the company outright, the Wall Street Journal reports. In October, Lazaridis, and Douglas Fregin, another co-founder, disclosed they owned a combined 8 percent stake of BlackBerry and were considering a joint bid to acquire the company. In November, BlackBerry took itself off the market after failing to secure a deal, appointed a new management team and

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Categories: Mobile & Wireless
Companies: BlackBerry
Countries: World
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