BlackBerry Co-Founder Sells More Shares in the Company
Published on: 27th Dec 2013
By: Ian Mansfield
BlackBerry co founder Mike Lazaridis has sold more of his shares in the company raising USD26 million according to a stock market filing.
That was also the last time he had to report a share sale, as his stake in the company has now been reduced to below 5 percent, which is the threshold for having to report such matters.
The sale of the shares also quashes the last vestige of rumours that he might lead a takeover attempt for the company.
According to the stock market filing, he sold around 3.5 million shares in two separate transactions last week.