This is another day that BlackBerry news doesn’t stop coming in.
If this seems vaguely familiar, it’s because I’ve posted a version of this before. But it was not fact at the time. Now it is. The CBC is reporting that RIM co-founders Mike Lazaridis and Doug Fregin have filed documents with the U.S. Securities and Exchange Commission to take a shot at buying BlackBerry:
Lazaridis was rumoured to be talking to private equity firms a month ago, seeking support to take BlackBerry private, but his SEC filing specifies he is working only with Fregin.
Fregin and Lazaridis formed Research in Motion, the precursor to BlackBerry, in 1984.
Lazaridis is former president, co-CEO and co-chair of BlackBerry. He and Fregin together own about 16 per cent of the company
Fregin was vice-president of operations and designed the first circuit boards that were used in early versions of the company’s wireless technology, but resigned from the company in 2007. He is now management partner of Quantum Valley Investments.
It will be interesting to see if they can pull the cash together to make this happen. And it will be interesting to see if they can actually save the company. I have my doubts that either will happen, but anything is possible.
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This entry was posted on October 10, 2013 at 4:09 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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RIM Founders To Take Shot At Buying BlackBerry
This is another day that BlackBerry news doesn’t stop coming in.
If this seems vaguely familiar, it’s because I’ve posted a version of this before. But it was not fact at the time. Now it is. The CBC is reporting that RIM co-founders Mike Lazaridis and Doug Fregin have filed documents with the U.S. Securities and Exchange Commission to take a shot at buying BlackBerry:
Lazaridis was rumoured to be talking to private equity firms a month ago, seeking support to take BlackBerry private, but his SEC filing specifies he is working only with Fregin.
Fregin and Lazaridis formed Research in Motion, the precursor to BlackBerry, in 1984.
Lazaridis is former president, co-CEO and co-chair of BlackBerry. He and Fregin together own about 16 per cent of the company
Fregin was vice-president of operations and designed the first circuit boards that were used in early versions of the company’s wireless technology, but resigned from the company in 2007. He is now management partner of Quantum Valley Investments.
It will be interesting to see if they can pull the cash together to make this happen. And it will be interesting to see if they can actually save the company. I have my doubts that either will happen, but anything is possible.
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This entry was posted on October 10, 2013 at 4:09 pm and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.