Co-founders eyeing bid
BlackBerry co-founders Mike Lazaridis and Douglas Fregin are looking at making a potential takeover bid for the troubled smartphone maker.
According to documents filed with the U.S. Securities and Exchange Commission yesterday, the two are “interested in pursuing a joint bid” with “the goal of stabilizing and ultimately reinventing the company.”
BlackBerry has struggled this year as sales of its latest smartphones failed to catch fire.
Fairfax Financial, BlackBerry’s largest shareholder, has made a conditional takeover bid worth $9 (U.S.) per share and values the company at $4.7 billion (U.S.)