Co-founder Lazaridis cuts stake in BlackBerry
Dec 24 (Reuters) - 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.
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.
- Obama makes rare campaign trail appearance, people leave early
- Obama makes rare campaign trail appearance, some leave early
- Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders |
- Nigeria declared Ebola-free, holds lessons for others |
- U.S. stocks end higher despite drag from IBM