Former BlackBerry CEO Intends to Acquire 92% BlackBerry Shares?

BlackBerry is in an uneasy condition, when it is in the midst of a super massive loss threat, the company smartphone This Canadian origin was also hit by various negative news such as the issue of the company's top brass to sell the company by accepting Fairfax offer for $4.5 billion, not to mention $1 billion loss threat which then forced them to lay off 4500 employees.

Although it refuses to be said to be on the verge of bankruptcy, but so far what remains of BlackBerry is more in the form of irony, devices that do not sell, market share continues to be eroded and employee layoffs may be only some of the other ironies that have not been revealed. That's why many observers see the BlackBerry needs to be saved.

"Need to be saved..." This phrase is not only interesting to me personally, but maybe also to Mike Lazaridis, because recently rumors circulated that the former BlackBerry CEO was considering saving the company he once led by acquiring 92% of BlackBerry shares.

According to information released by TechCrunch, Mike is thinking carefully about making an offer to his former company and making BlackBerry a company private.

While ABC News writes, Mike took his former colleague when he was still a high-ranking officer there, Douglas Fregin who is also one of the founders of BlackBerry, both of them are likely to take over the remaining 92% stake that they do not own, please note that Mike and Fregin currently still own shares on BlackBerry by 8%.

To smooth the offer, they asked Goldman Sachs and Centerview Partners to act as intermediaries who would handle more details of both transactions.

Mike and Fregin become third parties who have the potential to become new owners of BlackBerry after Fairfax had previously also submitted an offer to buy $9 per share, then a capital market company Cerberus was also reported to have followed Fairfax with the stated value.

Mike Lazaridis and Fregin are the most important figures in BlackBerry's history since 1985, where Mike became the largest shareholder at the time. While Fregin at that time served as vice president of the operational division, before retiring in 2007 ago. Mike himself followed in May, 18 months after stepping down from the CEO chair and being replaced by Thorsten Heins.

If Mike and Fregin do take BlackBerry back, this will be their biggest and most expensive reunion, as well as great news for BlackBerry staff and employees. But behind that, a tough task awaits, namely the BlackBerry rescue mission.

news source TechCrunch and ABC News.