Lazaridis sells off more BlackBerry stock

BlackBerry co-founder, Mike Lazaridis has sold more of his shares in the company, raising US$26 million according to a stock market filing.

That was also the last time he had to report a share sale, as his stake in the company has now been reduced to below five per cent, which is the threshold for having to report such matters.

The sale of the shares also quashes the last vestige of rumours that he might lead a takeover attempt for the company.

According to the stock market filing, he sold around 3.5 million shares in two separate transactions last week.