- BlackBerry (BBRY) co-founder and former CEO Michael Lazaridis has cut his holding in the troubled smartphone maker to 4.99% by selling over $26M worth of stock and said a partnership that he was part of to buy the company has been ended.
- Lazaradis had created the partnership with co-founder Douglas Fregin, and between them they owned 8%. Fregin now holds 2.3%.
- Lazaridis' move comes after BlackBerry last month abandoned a plan to sell itself following a review and discussions with prospective suitors.
BlackBerry co-founder ends attempt to buy company
Dec 25 2013, 05:33 ET