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Co-founder Lazaridis cuts stake in BlackBerry
BlackBerry Ltd co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent...
BlackBerry Ltd co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled smartphone maker.
Co-founders Lazaridis and Douglas Fregin in October disclosed in a regulatory filing they were considering a bid to buy the company.
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Cuts shares
BlackBerry abandoned its plan to sell itself last month after a two-month review of strategic options and talks with potential buyers that included Facebook, Lenovo and private equity firms such as Cerberus Capital.
Reuters
First Published:Dec 26, 2013, 09:05:51 IST
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