Home › News ›

Lazaridis May Team with Cerberus to Pursue BlackBerry

Nov 1, 2013, 3:22 PM by Eric M. Zeman
updated Nov 1, 2013, 4:16 PM

Former BlackBerry CEO and co-founder Mike Lazaridis is close to reaching an agreement with private equity firm Cerberus that would see them make a joint bid for the ailing smartphone maker. According to sources cited by the Wall Street Journal, Lazaridis and another co-founder of BlackBerry, Doug Fregin, may combine their own shares with capital from Cerberus. BlackBerry already has an offer on the table from Fairfax Financial Holdings with a November 4 deadline attached. If no other legitimate offers come through before November 4, Fairfax can move forward with its bid to acquire the company and take it private. Both Cerberus and Lazaridis have previously and separately made noise about making bids for BlackBerry. Several other firms have expressed interest, too, but no solid offers have been made other than the one from Fairfax. The Journal's sources say that while a deal between Lazaridis and Cerberus is a possibility, they may not make a bid in time to beat the November 4 deadline. Following its initial report, the Journal later reported that Qualcomm is talking to Lazaridis and Cerberus, as well.

Wall Street Journal »

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Google Lens Now Lets You Refine a Visual Search with Text

Apr 7, 2022
Google has updated its Lens camera-based search tool with an experimental feature that lets you type in extra search terms to refine your visual search. Google calls this new image+text type of search "multisearch".

Google Pixel 8 Series Saves the Best for the Pro

Oct 4, 2023
Google has announced its Pixel 8 series flagship phones with many expected upgrades, but most of the headline-grabbing new features are exclusive to the larger, more expensive Pixel 8 Pro. In a major shift, Google is promising seven years of full OS updates and Feature Drops for the 8 series.

FTC Sues to Stop Nvidia's Acquisition of Arm

Dec 2, 2021
The US Federal Trade Commission (FTC) is taking action to block the proposed acquisition of Arm by Nvidia. Arm designs chip architectures used throughout mobile and computing industries.

Verizon, AT&T Moving Forward with C-Band 5G Launch This Week Over FAA Objection

Jan 2, 2022
Verizon and AT&T this morning refused a request by federal transportation officials to delay this week's planned launch of 5G service in the critical new C Band. [Update: By evening, the two companies agreed to a two-week delay.] The FAA (Federal Aviation Administration) insists that the service could potentially interfere with radio altimeters that planes use to measure distance to the ground in poor weather.

more news about:

Comments

This forum is closed.

This forum is closed.

Versed

Nov 2, 2013, 4:32 PM

They should Hire!

Well, maybe be they should hire Francesco Schettino the Captian of the Costa Concorida to be the CEO, while Lazardis can be Charman?

Page 1 of 1