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View Full Version : BlackBerry Founders May Try To Take Over the Company



wraggster
October 11th, 2013, 16:06
"In a regulatory filing (http://www.sec.gov/Archives/edgar/data/1070235/000119312513396388/d610704dsc13d.htm) on Thursday, Mike Lazaridis and Douglas Fregin said that they were considering a bid for the 92 percent of the company that they do not own (http://dealbook.nytimes.com/2013/10/10/blackberry-founders-explore-bid-for-company/). ... Their potential bid joins a growing list of expressions of interest in the company, which recently reported a $1 billion quarterly loss caused by the market's rejection of new smartphones that were supposed to revive BlackBerry's prominence. Fairfax Financial Holdings of Toronto has made a conditional, nonbinding offer to buy the 90 percent of BlackBerry shares it does not own for $9 each. That would value the company at about $4.7 billion.

http://mobile.slashdot.org/story/13/10/11/1222220/blackberry-founders-may-try-to-take-over-the-company