GO
Loading...

Co-founder Lazaridis cuts stake in BlackBerry

Thursday, 26 Dec 2013 | 6:46 AM ET
Mike Lazaridis, co-founder and vice chairman of BlackBerry.
Aaron Harris | Bloomberg | Getty Images
Mike Lazaridis, co-founder and vice chairman of BlackBerry.

BlackBerry 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.

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

(Read more: Why BlackBerry's big enterprise bet won't work)

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, Lenovo and private equity firms such as Cerberus Capital.

By Reuters

  Price   Change %Change
BB
---
FB
---
992
---

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.