Two co-founders of the troubled smartphone giant BlackBerry said on Thursday that they were considering making an offer for the company.
Mike Lazaridis and Douglas Fregin confirmed in a filing with the Securities and Exchange Commission (SEC) that they are considering an offer for the company they set up in 1984. Between them, the duo have an 8% stake in the company.
Lazaridis left his role as vice-chair of BlackBerry’s board in May, about a year and a half after stepping down as chief executive. At the time, Lazaridis said: “I believe I am leaving the company in good hands.” Fregin was vice-president of operations until he retired in 2007. The pair founded venture fund Quantum Valley Investments earlier this year.
“In light of the issuer’s recent announcement that its board of directors has formed a special committee to explore strategic alternatives to enhance value and increase scale, the reporting persons 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 (an “acquisition”),” the pair said in the filing.
Read also:
BlackBerry: Signs of optimism for potential bid (Toronto Star)
BlackBerry Co-Founders Mike Lazaridis And Douglas Fregin Consider Buying … (TechCrunch)
BlackBerry co-founders considering bid for company (Reuters)
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