Mike Lazaridis won’t pursue bid for BlackBerry

Mike Lazaridis won't pursue bid for BlackBerry

Mike Lazaridis won’t be the one taking BlackBerry private, having reduced its stake in the company to roughly 4.99%. The information comes from the Wall Street Journal which got it from a regulatory filing made public on Tuesday.

The news will quiet earlier rumors that suggested Lazaridis may team-up with Qualcomm and Cerberus Capital Management over a joint bid for the ailing smartphone maker.

Going forward, the new CEO promised that the company will return to its enterprise roots, launching two rather than four new device in 2014. One of those will be an all-touchscreen smartphone whereas the other one will rock BlackBerry’s iconic QWERTY keyboard.

[Via: TheVerge]

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