Millennium Post
Business

Co-founders Mike and Doug may bid for BlackBerry

Co-founders of Canadian handset maker BlackBerry, Mike Lazaridis and Douglas Fregin, have evinced interest in acquiring the struggling smartphone maker.

Both the co-founders have entered into a preliminary arrangement for bidding to acquire the Ontario-based firm.

Lazaridis had held the position of president, co-chief executive officer and co-chair at BlackBerry, while, Fregin had worked as its vice president of Operations.

'Lazaridis and Fregin are interested in pursuing a joint bid for the possible acquisition of the company by means of a transaction with the goal of stabilising and ultimately reinventing the company based on a plan developed by them,' BlackBerry said in a filing to the US Securities and Exchange Commission (SEC) on Thursday.
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