Sunday 22 September 2013

Abu Dhabi-backed Carlyle Group approached for BlackBerry bid - Banking & Finance - ArabianBusiness.com

Abu Dhabi-backed Carlyle Group approached for BlackBerry bid - Banking & Finance - ArabianBusiness.com:

"Carlyle Group, the US private-equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, has been approached by Mike Lazaridis, the co-founder of BlackBerry stepped down in last year, to launch a bid to buy the troubled smartphone company, it was reported at the weekend.
Lazaridis set up BlackBerry in 1985 but owns a 5.7 percent stake in the company, making him one of its largest individual shareholders. He left as co-chief executive in 2012 but has now approached private equity firms the Blackstone Group and the Carlyle Group, according to reports in both the New York Times and Wall Street Journal newspapers.
Lazaridis was not immediately reachable for comment and BlackBerry declined to comment, Reuters said."

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