Mike Lazaridis and Douglas Fregin co-founders of Blackberry formerly RIM are looking at the option at a take over bid for Blackberry. It is no secret that Blackberry is in troubles and a lot of people do not want to see the company at its current stage in the industry. According to documents filed with the U.S. Securities and Exchange Commission, the two are “interested in pursuing a joint bid” with “the goal of stabilizing and ultimately reinventing the company.” a hard task no doubt.
BlackBerry is valued at 4.7 billion as Fairfax Financial the largest share holder for the company looks for a take over as well. The once dominant maker of smartphones has seen market share dwindle as a result of the likes of Apple and Samsung pushing the boundaries of the smart phone market and are releasing high-end devices to the masses. The markets have shown little interest in the devices that Blackberry brought out this year and there is little fan fair about the mid-ranged Z30.
It will be a tough road ahead for Blackberry if it wants to turn around its current situation in the market and many loyal fans are hoping that things do turn around.