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This is kind of sad:

BlackBerry Ltd. co-founder Mike Lazaridis has hired bankers to explore a joint bid for the smartphone maker that forced him out as co-chief executive.

Mr. Lazaridis is working with fellow co-founder Doug Fregin and the duo disclosed Thursday an 8% stake in the Canadian company, which has struggled with weak sales and put itself up for sale.

The co-founders are exploring “the possibility of submitting a potential joint bid to acquire” all of the BlackBerry shares they do not already own, according to a filing with the Securities and Exchange Commission released Thursday.

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