Mike Lazaridis, a BlackBerry co-founder and former co-CEO, has officially ditched his plans to acquire the company through a joint bid with a fellow co-founder.
In dissolving the plan, Lazaridis' stake in the sagging company is now 4.99 percent.
Lazaridis made his decision public in a Securities and Exchange Commission filing on Tuesday. Under the now-defunct plan, which was announced in October, Lazaridis and fellow co-founder Douglas Fregin had combined stakes to reach 8 percent total ownership and said they were considering a purchase of the company. Last month, however, BlackBerry took itself off the market, and new management … Read more