- Co-Founders Mike Lazaridis And Doug Fregin Considering Bid For BlackBerry
  • Co-Founders Mike Lazaridis And Doug Fregin Considering Bid For BlackBerry

    [Photo from December, 1984 at a mall in Waterloo, ON. From left; Mike Lazaridis, Chris Shaw and Doug Fregin. In its original incarnation RIM worked on many projects including an electronic toothbrush, and Budgie a video display terminal that eventually led to a $600,000 LED sign contract with GM. (Photo courtesy RIM)]

    As November 4th looms closer, and closer, the rumors of other possible bids (aside from Fairfax Financial's) are increasing. Last week, we heard Samsung, Google, and other major tech companies were considering BlackBerry's parts are possible purchases. Today, two familiar names, founders Doug Fregin and Mike Larzaridis, are rumored to be considering putting themselves into the BlackBerry sweepstakes.

    The two have filed a 13-D with the SEC, which also shows Mike L. has increased his shares in the company from over 5% to 8%.

    "In light of the Issuer’s recent announcement that its board of directors has formed a Special Committee to explore strategic alternatives to enhance value and increase scale, the Reporting Persons are considering all available options with respect to their holdings of the Shares, including, without limitation, a potential acquisition of all the outstanding Shares of the Issuer that they do not currently own, either by themselves or with other interested investors (an “Acquisition”)."

    Together, Lazaridis and Fregin own over 16% of BlackBerry, which is greater than the 10% owned by Prem Watsa.

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