comscore Co-founder Mike Lazaridis increases BlackBerry stake, considers bid
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Co-founder Mike Lazaridis increases BlackBerry stake, considers bid

BlackBerry co-founder Mike Lazaridis, who is likely just as responsible for BlackBerry s early success as he is for its collapse, on Thursday filed a Schedule 13D with the U.S. Securities and Excha

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BlackBerry co-founder Mike Lazaridis, who is likely just as responsible for BlackBerry s early success as he is for its collapse, on Thursday filed a Schedule 13D with the U.S. Securities and Exchange Commission revealing that he recently increased his stake in the company. Lazaridis had previously held a 5.7 percent stake in BlackBerry, and he now owns 8 percent of the company. The document also reveals that Lazaridis and fellow BlackBerry co-founder Douglas Fregin have entered into an agreement to explore the possibility of submitting a potential joint bid for BlackBerry, which is still on the ropes as rumors swirl that Fairfax Financial will not be able to secure funding for its proposed $4.7 billion buyout. The duo have also roped in Goldman, Sachs & Co. and Centerview Partners LLC to advise them, the document reveals. BlackBerry shares spiked roughly 1 percent to $8.19 on the news after having been hovering in the red around $8.06 all morning. Also Read - Blackberry 5G smartphone 2021 comeback confirmed again, to bring physical keyboards

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  • Published Date: October 11, 2013 12:47 AM IST



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