BlackBerry founder Mike Lazaridis won't pursue bid for company

BlackBerry founder Mike Lazaridis has severely reduced his ownership stake in the company, according to a report in The Wall Street Journal. The information comes from a regulatory filing made public on Tuesday, in which Laziridis said he won't pursue a bid to buy the company, and as a result had cut his stake to roughly 4.99 percent of the ailing Canadian smartphone maker. The news should quiet rumors that Lazaridis might make a play to regain control of the company, rumors which had included buyers ranging from Facebook to Amazon.

via Tech News Headlines - Yahoo News http://www.theverge.com/2013/12/25/5243924/blackberry-founder-lazaridis-cuts-his-ownership-stake-to-under-5-percent