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BlackBerry co-founder eyes counterbid for firm

Posted on October 11, 2013, Friday

Research in Motion President and co-CEO Mike Lazaridis speaks on October 18, 2011 in San Francisco, California -AFP

BlackBerry co-founder Mike Lazaridis has boosted his stake in the troubled Canadian tech firm with the intention of making an acquisition bid, regulatory documents showed Thursday.

Documents filed with the Securities and Exchange Commission said Lazaridis now has eight percent of BlackBerry shares and is working with another co-founder, Douglas Fregin, “to explore the possibility of submitting a potential joint bid” for the group.-AFP

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