BlackBerry founder Mike Lazaridis won't pursue bid for company

BlackBerry founder Mike Lazaridis has severely reduced his ownership stake in the company, according to a report in The Wall Street Journal. The information comes from a regulatory filing made public on Tuesday, in which Laziridis said he won't pursue a bid to buy the company, and as a result had cut his stake to roughly 4.99 percent of the ailing Canadian smartphone maker.