BlackBerry Ltd.’s share of the global smartphone market has tumbled below 1 percent, crushed by Apple Inc. and Google Inc. The Canadian company says it’s determined to keep its lead in the race for the connected car.
BlackBerry Ltd. co-founder Mike Lazaridis’s potential bid for the struggling smartphone maker would face a battle for financing with Canadian investor Prem Watsa, who’s looking to take it private with his own buyout.
Mike Lazaridis, inventor of the BlackBerry smartphone, is starting a C$100 million ($97 million) quantum technology fund that’s aiming to turn devices like the medical tricorder from “Star Trek” into reality.
BlackBerry founder Mike Lazaridis said he’s confident that users of iPhones and other devices will embrace the company’s BlackBerry Messenger platform, which will be offered on rival phones later this year.
BlackBerry Ltd. co-founder and former Chief Executive Officer Mike Lazaridis walked away from a possible takeover plan and reduced his stake in the struggling smartphone maker after it ended an attempt to sell itself.
Fairfax Financial Holdings Ltd., which has until Nov. 4 to firm up its $4.7 billion bid for BlackBerry Ltd., has yet to arrange financing to take the company private, said people with knowledge of the matter.