Co-founder Lazaridis cuts stake in BlackBerry

Wed Dec 25, 2013 4:34am IST

Mike Lazaridis, President and Co-CEO of Research In Motion, speaks during BlackBerry's DevCon at the Moscone West Center in San Francisco, California, October 18, 2011. REUTERS/Beck Diefenbach/fILES

Mike Lazaridis, President and Co-CEO of Research In Motion, speaks during BlackBerry's DevCon at the Moscone West Center in San Francisco, California, October 18, 2011.

Credit: Reuters/Beck Diefenbach/fILES

Related Topics

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

REUTERS - BlackBerry Ltd (BB.TO) (BBRY.O) co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled smartphone maker. (link.reuters.com/sup65v)

Co-founders Lazaridis and Douglas Fregin in October disclosed in a regulatory filing they were considering a bid to buy the company.

BlackBerry abandoned its plan to sell itself last month after a two-month review of strategic options and talks with potential buyers that included Facebook (FB.O), Lenovo (0992.HK) and private equity firms such as Cerberus Capital. (Reporting By Narottam Medhora in Bangalore; Editing by Maju Samuel)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Internet Constitution

REUTERS SHOWCASE

Case Dismissed

Case Dismissed

U.S. judge dismisses case against Twitter alleging pre-IPO fraud.  Full Article 

Online Film Release

Online Film Release

'Avengers' director Joss Whedon releases new film online.  Full Article 

China Censorship

China Censorship

Bland Theft Auto: China censorship weighs on games consoles.  Full Article 

Twitter Case

Twitter Case

U.S. judge dismisses case against Twitter alleging pre-IPO fraud.  Full Article 

High Charges

High Charges

Netflix plans to raise prices as U.S. streaming subscribers grow.  Full Article 

Railgun Ready

Railgun Ready

Video: US Navy's "warfighter game-changer" railgun set for sea tests.  Video 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage