Home BlackBerry co-founders consider takeover bid
 

Keywords :   


BlackBerry co-founders consider takeover bid

2013-10-11 09:00:00| Telecompaper Headlines

(Telecompaper) BlackBerry co-founders Mike Lazaridis and Doug Fregin are considering a joint bid to acquire the smartphone maker. They disclosed an 8 percent stake in the company in a SEC filing and said they have hired bank advisers to consider a full takeover of the group. BlackBerry agreed last month to a takeover by its largest shareholder Fairfax Financial for USD 4.7 billion. Fairfax holds around 10 percent in the company. However, the Fairfax bid still depends on due diligence and a final agreement. Goldman Sachs and Centerview Partners are advising the BlackBerry co-founders on their potential bid. Lazaridis was earlier reported to be in talks with private equity groups about mounting a takeover offer. He served as co-CEO of BlackBerry until early 2012 and stepped down from the company's board in May 2013.

Tags: bid blackberry takeover cofounders

Category:Telecommunications

Latest from this category

All news

»
15.11171
15.11 3FLYOVER
15.11 PSA8 - 1ed
15.11DMC RAVEN 18g
15.11LOVE or DEAD Blu-ray
15.11 HSGI SURE-GRIP PADDED BELT a-tacs au
15.11 BOUNTY HUNTER
15.11
More »