Tag Archives: Mike Lazaridis

BlackBerry co-founder Mike Lazaridis sells off $26-million in BBRY shares

BlackBerry co-founder Mike Lazaridis sells off $26-million in BBRY shares

BlackBerry co-founder, Mike Lazaridis has sold off 3.5 million shares in BlackBerry since Monday according to U.S. Securities and Exchange Commission filings. The sale of the shares is noted to be worth $26-million (U.S.) and was processed via 1258701 Ontario Ltd., an investment holding company.

The first sale was made on Monday when 3.17 million shares were sold at an average price of $7.55 on the open market.

The second transaction came on Christmas Eve Day when the same numbered company sold 333,107 shares at an average price of $7.63.

BlackBerry shares have been on the rise after the company’s Q3 2014 earnings report closing out 27 cents up to $8.25 on the Toronto Stock Exchange.


Cerberus, Qualcomm in Talks to Join BlackBerry Bid with Co-Founders Mike Lazaridis and Doug Fregin


Wall Street Journal just posted a story saying that Mike Lazaridis and Doug Fregin, co-founders of Research In Motion, may jointly bid for BlackBerry along with support from Cerberus Capital Management. The WSJ cites the usual anonymous “people familiar with the matter”.
Qualcomm Inc., a maker of cellphone chips, is also in talks to join the potential Cerberus group, according to people familiar with the matter.

The jockeying among possible bidders comes on the eve of a Monday deadline for BlackBerry buyout offers. The Canadian company and its advisers set the deadline to coincide with one for Fairfax Financial Holdings Ltd. to solidify its preliminary offer for the company.

Fairfax, which owns a 10% BlackBerry stake and is led by former company director Prem Watsa, reached a tentative agreement in September to buy the company for $9 a share, or $4.7 billion.

The talks between Cerberus and Messrs. Lazaridis and Fregin underscores the seriousness of their consideration of a takeover of the company—even as such a tie-up would potentially eliminate a competitor from the sales process.

Mike Lazaridis is considering buying BlackBerry

Mike Lazaridis is considering buying BlackBerry

Co-founders of Research In Motion Mike Lazaridis and Doug Fregin jointly filed a 13D with the SEC, which is a standard document that must be filed when you control over 5% of the shares of a public company. Lazaridis already held over 5.7%, but the new document says that he’s teaming up with Fregin, and they jointly own 8% of the stock.