黑莓聯(lián)合創(chuàng)始人想買回公司
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????本周四，黑莓（BlackBerry）聯(lián)合創(chuàng)始人邁克?拉扎里迪斯和道格拉斯?弗萊金在遞交至美國(guó)證券交易委員會(huì)（SEC）的文件中表示，兩人正考慮買下這家深陷泥潭的智能手機(jī)生產(chǎn)商，目前兩人共持有黑莓8%的股份。文件并沒有提到可能的合作伙伴，不過，拉扎里迪斯和弗萊金此前曾和私募資本有過接觸，可惜最終沒能達(dá)成協(xié)議。 ????這條消息有些意外，當(dāng)然不是指兩人有意買下黑莓。因?yàn)樯蟼€(gè)月就有報(bào)道稱，拉扎里迪斯已聯(lián)系了黑石集團(tuán)（Blackstone Group）和凱雷資本（Carlyle Group）等私募公司。相反，兩人并沒有選擇和加拿大Fairfax金融公司合作，這不免讓人吃驚。因?yàn)楹笳邉倓偂巴狻币?7億美元收購(gòu)黑莓。 ????這個(gè)“同意”要加上引號(hào)，因?yàn)镕airfax的這樁交易不確定因素太多了。首先，F(xiàn)airfax本身并沒有完成盡職調(diào)查；再者，F(xiàn)airfax有權(quán)隨時(shí)終止交易，但卻不用交一分錢的違約金。更為重要的是，F(xiàn)airfax表示自己將牽頭投資機(jī)構(gòu)進(jìn)行融資，不過它并未透露具體名單。（Fairfax只愿意持有10%的黑莓股份）。 ????許多人此前猜測(cè)Fairfax為了彌補(bǔ)資金漏洞打算和其他股東合作，其中就包括拉扎里迪斯和弗萊金。但最新的文件表示他們之間顯然沒有達(dá)成一致。或者至少目前看是如此。這也佐證了兩人和私募資本的接觸目前還沒有取得實(shí)質(zhì)性的成果。 ????今天這番討論不但沒解決問題，還帶來了更多的問題，無疑正是黑莓如今形勢(shì)的真實(shí)寫照。（財(cái)富中文網(wǎng)） ????譯者：項(xiàng)航?? |
????BlackBerry co-founders Mike Lazaridis and Douglas Fregin today said in an SEC filing that they are considering a buyout offer for the struggling smartphone maker, in which they currently hold a combined 8% stake. There is no mention of potential partners, although the pair is known to have previously reached out (unsuccessfully) to private equity firms. ????What's interesting here isn't that the pair has interest in BlackBerry (BBRY). For example, there were reports last month that Lazaridis had reached out to private equity firms like The Blackstone Group (BX) and The Carlyle Group (CG). Instead, it's that they aren't aligned with Canadian conglomerate Fairfax Financial, which recently "agreed" to buy BlackBerry for $4.7 billion. ????I put "agreed" in quotation marks because the Fairfax deal had more holes than the Bushwood Country Club golf course. For starters, Fairfax had not yet conducted due diligence, and had the right to terminate the deal without paying any penalty. More importantly, Fairfax said that it was leading an investor group without identifying any of the other members (for its part, Fairfax only planned to roll over its 10% stake). ????There had been some widespread assumptions that Fairfax planned to fill the equity hole by partnering with other existing shareholders like Lazaridis and Fregin. But the new filing would suggest the two are not working in concert. Or at least not yet. It also suggests that their talks with private equity firms have not yet borne fruit. ????So today's development really just creates more questions than answers. Which really sums up the entire BlackBerry situation to date. |
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