BlackBerry Co-Founders Consider Takeover Bid

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Oct. 10 (Bloomberg) -- BlackBerry co-founders Mike Lazaridis and Douglas Fregin said they are considering a takeover offer for the struggling smartphone maker. Jon Erlichman reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Correspondent jon erlichman is with me now.

Investment advisory firms have been retained by two of the founders of this company, and this was basically disclosed in a regulatory filing within the last hour.

It is a really interesting twist because you are talking about a guy who up until not too long ago was the co-ceo of the company.

He has a very strong attachment to a company he rounded and a strip mall years ago.

We are also learning that his state is around eight -- his state is around 8%. there is clearly some frustration with where he feels his company is going.

There were questions about whether we would see him team up with my that equity firms to get a feel done.

Fairfax is trying to see if they can get all the financing together.

There is a lot going on.

How long could this process play out?

Ultimately, it depends on who could get a true deal together.

I did speak with one person directly involved with some of the discussions the last couple of days, and there are a lot of moving parts.

Remember, there has already been discussion of others if you would to see a breakup of the company.

Thanks very much.

This text has been automatically generated. It may not be 100% accurate.


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