BlackBerry Co Founder Could Bid For CompanyI guess it is a pretty well known fact that BlackBerry is not doing as well as they hoped to, especially with the seemingly botched BBM for Android and BBM for iOS rollouts recently. In fact, the introduction of new devices, including the most recent BlackBerry Z30, failed to excite the market much, if at all. The company could certainly make do with a huge boost in the right direction for sure. Not only that, when it rains, it pours for BlackBerry, no thanks to a disastrous preliminary fiscal Q2 2014 result. Is there some light at the end of the tunnel for BlackBerry? Perhaps, as The Wall Street Journal reported that Mike Lazaridis, co-founder and former co-CEO of BlackBerry, might actually make a move to take BlackBerry private. Will this alleged move actually be able to help turn his former company around?

After all, BlackBerry has not kept mum on their desire for a potential suitor, and it has been whispered that Mr. Lazaridis has already approached the private equity giants Blackstone Group and Carlyle Group separately concerning the potential of shoring up an offer for the company. Since talks on the subject are still in the preliminary stages, nothing is quite certain just yet.

This article was filed in Homepage > Cellphones and was tagged with BlackBerry. The story was spotted on dealbook.nytimes
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