BlackBerry Co-Founders Consider Buying Back the Struggling Smartphone Maker

Paul Lilly

Questions surround the future of BlackBerry

BlackBerry , or the company formerly known as Research In Motion (RIM), if you prefer, is quickly finding itself the odd smartphone maker out. Dreams of catching up to Android or iOS in market share now seem farfetched, but on a global scale, BlackBerry has even taken a backseat to Microsoft's Windows Phone platform, a relative newcomer to mobile. Something has to change, and apparently that begins on the ownership side.

Company co-founders Mike Lazaridis and Douglas Fregin are currently deciding whether or not to make a joint bid to buy out BlackBerry, it was revealed during a regulatory posting this week, CNN reports . Financial details of the potential deal are not known, nor is it clear if the duo have secured financing for such an acquisition. What we do know is that both Lazardis and Fregin each own around 8 percent of the company.

They aren't the only ones thinking about a buyout. Fairfax Financial, a Canadian insurance company that happens to be BlackBerry's largest shareholder, stated it wanted to buy the company for $4.7 billion. However, Fairfax Financial never secured financing, leading some to wonder if the company was only trying to draw interest to a takeover before cashing out its shares.

In addition, it's been rumored that Google, Cisco, SAP, Intel, LG, Samsung, and Cerberus Capital all have shown varying amounts of interest in buying all or part of BlackBerry.

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