Blackberry's Former Chief Sold Entire Stake in Company Last Year
Company struggling to recover smart phone market
Jim Balsillie, formerly the largest shareholder and co-chief executive of struggling smartphone company BlackBerry, has sold his entire shareholding in the business.
The move, revealed by a filing released this week, occurred before the end of 2012, weeks ahead of the launch of the new BB10 software and Z10 handset by new chief executive Thorsten Heins in an attempt to reboot the company's fortunes.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?