BlackBerry Co-Founders Consider Takeover Bid

Law360, New York (October 10, 2013, 6:09 PM ET) -- BlackBerry Ltd.'s founders, Michael Lazaridis and Douglas E. Fregin, said Thursday they might buy the struggling smartphone maker themselves, although they'd have to beat out a $4.7 billion buyout bid by the company's largest single shareholder, Fairfax Financial Holdings Ltd.

According to a filing with the U.S. Securities and Exchange Commission, Lazaridis and Fregin, who each own 8 percent of the company, said they're considering buying the company they founded and have hired Goldman Sachs & Co. and Centerview Partners LLC to help them look into...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required