31

Update: Lazaridis may make a bid for BlackBerry, ups shares in the company to 8%

Mike Lazaridis

Could Mike Lazaridis pull a Steve Jobs and bring BlackBerry back to be a force to reckon with in the smartphone world?

According to a report in the New York Times, Lazaridis, one of the co-founders of BlackBerry, might be making a play to bid for BlackBerry. Apparently ‘people familiar with the matter’ indicate that Lazaridis has reached out to private equity firms Blackstone Group and the Carlyle Group to see the potential of making something happen. However, the same people also stated “that the talks were preliminary and might not lead to any bids.”

Lazaridis declined to comment on the rumour. When he retired from BlackBerry in March he said “With the launch of BlackBerry 10, I believe I have fulfilled my commitment to the Board. Thorsten and his team did an excellent job in completing BlackBerry 10. We have a great deal of which to be proud. I believe I am leaving the company in good hands. I remain a huge fan of BlackBerry and, of course, wish the company and its people well.”

BlackBerry announced yesterday that they plan to cut 4,500 jobs starting Q1 2015, which is about 40% of their workforce, and leaving them with approximately 7,000 full-time global employees. No specific work yet on how many Canadian jobs are going to be impacted.

BlackBerry is continuing to ‘evaluate all strategic alternatives for the Company,’ including a sale, partnership or licensing its software.


Update – October 10th at 2:00pm: A new report has surfaced that both Mike Lazaridis, co-founder of BlackBerry, and Douglas Fregin, also a co-founder of BlackBerry and VP of Operations, have confirmed that they’re open to “explore the possibility of submitting a potential joint bid to acquire the Shares of the Issuer that they do not currently own.” It should also be noted that Lazaridis and Fregin, according to a SEC filing, both now own approximately 8% each of BlackBerry shares.


Source: NYT, Street Insider

  • Accophox

    Dead company is dead.

    No, I really hope that there’s some sort of phoenix-like rebirth of BB. It’s good for everybody when there’s more choice – pushes innovation.

    • Fawoo

      For BB to have the sort of phoenix rebirth you imagine, they would have to come back with an incredibly strong vision, some great innovation, and to top it all off the efficiency to quickly adapt. Heck even behemoths like Apple are having trouble in these areas, but it’s the best way for BB as a whole to make that rebirth.

      I just don’t think Lazaridis is the person to do that. Heins had a strong vision, but he was unwilling to adapt quickly (rise of smartwatches, larger screens, tablets, etc.) and Lazaridis & Balsillie were incredibly arrogant towards new innovations as well.

      The next CEO would have to be really adventurous, ambitious, and efficient if BB is to ever become a powerhouse in the smartphone industry. That’s doubtful of happening though as a lot of investors are just wanting BB to be torn apart and sold for as much money as possible.

    • J-Ro

      I think they should open up Blackberry help centers. A physical hands on is good for marketing and teaching people that are stuck in their ways to upgrade. That is one of the many big changes they would need to make IMO.

    • hi

      BB is Pausing BBM rollout. No BBM for iPhone or Android. They say they got issues to solve. Can’t post link so google. Or go to blackberry blog/twitter

  • hi

    He wants to be the one to take it to the ground. How can the founder miss the chance?

    Meanwhile the CEO gets 55m bonus.

    • icyhotonmynuts

      Sounds like the perfect get rich scheme.

  • hi

    Also Mobilesyrup, where is bbm? Last time it was 9 am est you updated but now its well past that. There’s bbm already for iPhone (just gotta trick the time settings)

    • clockwork

      Go onto facebook and read blackberry’s status and you’ll get your answer.

    • skullan

      “Also Mobilesyrup, I know you have in no way the ability to tell the future, nor know why Blackberry has a delay going on for BBM Android, but could you please kindly update with the current status?”

      Fixed it for you.

    • hi

      I troll good. I didn’t expect a response, but boy, people out there love to feed trolls!

    • Tadooh

      Lol

  • Rich

    This company needs to be on the receiving end of a few class action law suits for all this shady business going on.
    It’s too suspicious with how run into the ground it’s been over this past year.

    It’s similar to this whole Nokia and Microsoft fiasco where Elop ran his company against conventional wisdom and was eventually bought up for pennies.

  • Super_Deluxe

    Lmao! To take the company down to the ground once and for all!

  • BMSMA

    Mike blowing hot air out his butt again.

    I see a rerun in the making…. Enron version 2.0 (er.. well Globodyne in Fun with Dick & Jane too).

    CEO walks away with a heavy bag, employees walk away towards the human resources headquarters.

  • Sweet

    I had to check my calendar to see if today was April 1st. :-)

  • Ken K.

    Great, the guy who burned down the house wants to buy the estate.

  • DravenInc

    I worked for RIM back in ’06 – ’07…toured the Waterloo campus, met Mike…Mike’s big vision was greater antenna strength, and more battery capacity, at a time when no BB had media players or cameras. They relented, brought them in…but it wasn’t wholeheartedly. That’s on Mike.

    I don’t think there’s any coming back for BB

  • Tadooh

    What a chitshow. What a chitshow…
    All this bb news is better than any soap opera or drama television ever invented. Better than the national enquirer even. These people in waterloo are absolute nutjobs. They deserve all the hdll they get for complete and utter incompetance. Har har!

    • Astro

      said the guy who lives in his mom’s basement, finding comments he can troll, to seem important

    • Tadooh

      Following me around like a lost puppy dog only aids in the confirmation that you have a mental illness that needs to be corrected. The problem is with you living in your moms basement like you’re indicated, you probably won’t get the help you so desperately need. Put down the Internets and go play outside like a good dog. Might do you some good.

    • Astro

      Not at all, I am so fascinated that people with an extremely low IQ such as yourself can use a computer and are able to flame on. You keep trucking on, maybe one day they will hand out awards for being a troll, it will give yourself some meaning in your pathetic life.

  • Ali F.

    “I am leaving the company in good hands”!!!

    He should say: “I am leaving the company in God’s hands” or say “I am leaving the company in full hands”.

    How unfortunate … Before WebOS and now BB. I still have my HP Pre 3 and would dream WebOS resurrect from the dead.

  • Me

    I hope Mike comes back. He’s a genius and a good man. He simply got a bum rap from the folks controlling the U.S. market who basically said if you don’t play ball our way then we’ll just take your company anyways. Mike believes in freedom, liberty and privacy. Those other folks don’t.

    • Wizzy

      Riiiiiight!

  • Mariano Gori

    What a joke! He’s one of the reasons Blackberry is where it is now. Lazaridis and Balsillie failed to adapt when the market was changing during mid-2007.

  • Wizzy

    I heard that he wants to concentrate on the pager market. He said it worked for BB before.

  • PT

    This greedy scumbag is one of the two who drive Rim to the grave. Now he wants to fix it? What a doorknob and a half.

  • icyhotonmynuts

    “Could Mike Lazaridis pull a Steve Jobs and bring BlackBerry back to be a force to reckon with in the smartphone world?”

    I hope so.

    Not a fan of BB myself, but c’mon. 40% of the work force has just been terminated, on top of the hundreds of jobs that have already been terminated over the course of the year. All those people that worked for the company are out of work – don’t you want BB to clean up their lazy mistakes and make this technological world a better place?

  • fredfarha

    BB is not dead, it was badly managed, throw the bums out and bring Mike back. Look at Nortel there was a great lesson for another Canadian Icon that was equally badly managed and eventually destroyed and with it the pensions and lives of over 30,000 Canadians. Mike, if you are reading this, send me an email, I will show how for very little money you can gain back control and rescue BB,

  • fredfarha

    BB is not dead, it was badly managed, throw the bums out and bring Mike back. Look at Nortel there was a great lesson for another Canadian Icon that was equally badly managed andeventually destroyed and with it the pensions and lives of over 30,000
    Canadians. Mike, if you are reading this, send me an email, I will show how for
    very little money you can gain back control and rescue BB,

  • Tom Adams

    But wait it was him that killed the company in the first place, then handed it over to Heins to keep on life support until the cash was all used up.

Trending News

Other Articles