BlackBerryOS.com - BlackBerry co-Founder Mike Lazaridis Sells 3.5 Million Of His Shares
  • BlackBerry co-Founder Mike Lazaridis Sells 3.5 Million Of His Shares



    Looks like the days of Mike Lazaridis to ever own the company he founded are over. Via a report from the Wall Street Journal, Lazaridis has reduced his shares in BlackBerry in the tune of a cool $26 million, or approximately 3.5 million shares. This sell reduces his stake in the company to under the 5 percent number that he needed to be able to offer a bid to buy ownership of BlackBerry. At one point this year, Lazaridis had increased his shares to 8 percent, which was a show of confidence in his interest to purchase the company. However, BlackBerry was eventually able to secure 1 billion from Fairfax Financial Holdings, which had enabled the company to move forward.

    Back in April 2013, Lazaridis had no plans to sell his shares at all. But bad earnings call after bad earnings call, and now with the new addition of CEO John Chen, it looks like there was no other choice but for Lazaridis to give up his hopes to ever own BlackBerry again.

    On the bright side, new CEO John Chen has put in a solid game plan to get BlackBerry up and moving again as a company that will be able to move forward for many years to come.


    comments powered by Disqus
  • Sponsored Ad

  • Recent Comments

  • Most Commented

    The most commented articles on BlackBerryOS over the past 24 hours.
  • Recent Forum Posts

    waleed030

    can someone please give me instagram bar file

    Need help. Appears to be a [COLOR=#DD3C42 !important]hardware
    problem due to the soft, flexxible back cover. Any light pessure on [COLOR=#DD3C42 !important]

    waleed030 03-30-2015, 03:26 AM Go to last post
    redeemer

    HELP PLEASE???? I need help badly on my Z10 please?????

    I have z10 here actually they two devices 100-3 and 100-4,
    how I am sure that it is their right brand?
    *they are brick but if you will connect

    redeemer 03-28-2015, 10:12 AM Go to last post
    redeemer

    [HELP] Z10 can't fault it until...

    Yes I also found an issue on the battery of z10 units.. it should be like the battery of new smarts phone that has more capacity in terms of mah

    redeemer 03-28-2015, 10:11 AM Go to last post
    Ezekielson

    The D Day Is Here

    The day set aside for Nigeria presidential election is right here,what do we expect?

    Ezekielson 03-27-2015, 05:08 PM Go to last post
    Pyarsekaho

    Bbm waiting

    i typed in 6.0 bbm download and downloaded that but its asking me for a keycode and i didnt get sent one so i deleted it and reinstalled it and it still

    Pyarsekaho 03-27-2015, 02:24 AM Go to last post