Welcome Back, Lazaridis: BlackBerry Co-Founder Considers Potential Bid
Another prospective BlackBerry (NASDAQ:BBRY) buyer has popped up, and this one is exceptionally familiar with the company.
According to AllThingsD, a regulatory filing released Thursday shows that BlackBerry co-founder and former co-CEO Mike Lazaridis is now exploring the options of a conceivable bid for the Canadian smartphone maker. In a surprising move, he has even convinced the company’s other co-founder, Doug Fregin, to help him do it.
The two former executives already have an 8 percent stake in BlackBerry, but they are now reportedly exploring “the possibility of submitting a potential joint bid to acquire” the rest of the company’s remaining shares. They have teamed up with Goldman Sachs and Centerview Partners to help them do so.
Lazaridis and Fregin join Fairfax Financial Holdings and Cerberus Capital Management LP in the group of rumored BlackBerry buyers, but while Fairfax has already signed a $4.7 billion preliminary buyout deal, Cerberus remained mum about its operations, and we’ve only heard rumors that Cerberus is interested in signing a confidentiality agreement with BlackBerry that would allow it to access the company’s financial data before making any kind of bid decision.