Tag Archives: Mike Lazardis sells shares

Blackberry Co-Founder sells large amount of his BlackBerry shares

Not so long ago, BlackBerry co-founder Mike Lazaridis had so much faith in the company he helped build then watch it collapse, that he considered a bid to purchase the struggling business.

However, clearly he has had second thoughts and sold 3.5 million of its shares reducing his stake from 5.7% to under 5%.

The future of BlackBerry is rapidly changing as it has now said it will not manufacture handsets itself but pass on that aspect to Foxconn. It has also cancelled its BlackBerry developer conference.

The future of BlackBerry as we knew it clearly is not going to be the same in 2014.