BlackBerry founders go public with plans to consider buying company


If you’ve been keeping up with all the chatter about somebody buying-up BlackBerry, you’re no doubt aware by now of just how many parties we’ve been talking about. Besides the Fairfax Financial offer that got the ball rolling, we’ve heard that half a dozen other firms could be planning their own bids. One of those rumors suggested that BlackBerry founder and Vice Chairman Mike Lazaridis might be putting together his own offer to take over control of the company. While we still haven’t heard of any specific figure, it now looks like Lazaridis is getting serious about his intentions, filing the necessary SEC paperwork to get started.

Lazaridis (above, left) has teamed up with one of his co-founders from those early RIM days, Doug Fregin (above, bottom-right), and filed a notice with the SEC which reads in part that the two of them are “considering all available options with respect to their holdings of the Shares, including, without limitation, a potential acquisition of all the outstanding Shares of the Issuer that they do not currently own, either by themselves or with other interested investors.”

Already, they’ve got 8% of the company’s stock between the two of them, giving them a nice head start on snatching up the rest, should they decide to proceed down that route. As we said before, of all the potential fates that may befall BlackBerry, ending up in the hands of its founders sure seems like one with great potential for keeping the company alive.

Source: SEC
Via: CrackBerry

Share This Post
What's your reaction?
Love It
Like It
Want It
Had It
Hated It
About The Author
Stephen Schenck

Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen’s first mobile device was a 624 MHz Dell Axim X30, which he’s convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he’s not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bits

Read more about Stephen Schenck!