Categories: Tech & Society

Ex-BlackBerry co-CEO Jim Balsillie Dumps Entire Stake

According to a regulatory filing, Jim Balsillie, the former co-CEO of BlackBerry, has sold off his entire stake in the company.

A year ago, Balsillie was one of the largest individual shareholders in BlackBerry (formerly known as Research In Motion) with 26.8 million shares in the company. But in a document filed today, BlackBerry disclosed that Balsillie no longer holds any shares in the company.

Balsillie and fellow former co-CEO Mike Lazaridis stepped down last March amid shareholder criticism over the way the company was being run and a stunning drop in its share price. Current CEO Thorsten Heins stepped in to replace them, and has helped usher in the new BlackBerry 10operating system and a rebound in the share price.

Lazaridis, who still serves as vice chairman of BlackBerry, owns 29.9 million shares in the company.

Team TechPanda

Recent Posts

Once more with feeling: An ambitious bid to build a digital Disneyland for fans

This entrepreneur, who entered the startup ecosystem when he was only thirteen years old, wants…

5 days ago

From UPI to Web3: How India’s fintech wave is reshaping the future of payments

India’s fintech sector is accelerating at breakneck speed, with digital payments becoming the new default…

1 week ago

AI Launches: SaaS, content management, ecommerce, cybersecurity, logistics, entertainment, & investment

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

2 weeks ago

M&A: The art of the deal

The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…

2 weeks ago

AI companion: From comfort to concern, are we flirting with “Addictive Intelligence”?

Strange are the ways in which Artificial Intelligence (AI) has been offering us humans companionship.…

2 weeks ago