One of the founders of BlackBerry Ltd., Mike Lazaridis, hired financial institutions to examine a joint offer by the Canadian maker of smartphones in the past kept him from his executive leadership.
Mike Lazaridis, one of the founders of BlackBerry
Lazaridis are working with another company’s founder, Doug Fregin for a possible bid. Both reported yesterday that have in total 8% of BlackBerry, the company that saw a drastic market share of smartphones and already put on sale.
founders are exploring “the possibility of submitting a joint proposal to acquire” all shares of BlackBerry that do not have, according to a document filed with the Securities and Exchange Commission, CVM American, released yesterday.
At the end of December, Lazaridis had 5.7% of the company, according to documents from regulators. Information on shares held by Fregin were not immediately available.
Last month, the BlackBerry said it had signed a preliminary agreement with Fairfax Financial Holdings Ltd. to close its capital by $ 4.7 billion. The Fairfax Financial, led by Prem Watsa, owns about 10% of the company.
Lazaridis and Fregin are not negotiating with Fairfax Financial, according to a person familiar with the matter. They hired Goldman Sachs & Co. and Centerview Partners LLC as consultants, according to SEC documents.
A spokesman declined to comment on BlackBerry.
Lazaridis created the BlackBerry, formerly called Research In Motion in 1984. He and Jim Balsillie shared the rank of CEO, which were removed in early 2012. But Lazaridis remained on the board until May 1 this year. When he left, he said he believed he was “leaving the company in good hands.”
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