Skip to main content
Two TakesTech Breakthroughsvs. News

BlackBerry founder mulls a second run

By Sal McCloskey1 min readGoogle News

Mike Lazaridis built BlackBerry when it was RIM. He co-helmed it for a while. Now, he’s considering starting over by buying much of it back and trying to save it.

BlackBerry founder and former co-CEO Mike Lazaridis is considering another run with his old company. Lazaridis increased his stake in BlackBerry to 8 percent and has engaged Goldman Sachs and Centerview Partners to review a possible acquisition, according to a Thursday filing with the Securities and Exchange Commission. Lazaridis is considering a bid as concerns mount over FairFax Financial’s ability to line up backers for its proposed deal to take the company private. BlackBerry, meanwhile, is weighing a breakup as its smartphone business continues to deteriorate.

Share

Pick your channel

Comments

0 / 4000

Sign in to join the discussion

Loading comments…

Keep reading

More Two Takes

See all →