????本周四，黑莓（BlackBerry）联合创始人迈克?拉扎里迪斯和道格拉斯?弗莱金在递交至美国证券交易委员会（SEC）的文件中表示，两人正考虑买下这家深陷泥潭的智能手机生产商，目前两人共持有黑莓8%的股份。文件并没有提到可能的合作伙伴，不过，拉扎里迪斯和弗莱金此前曾和私募资本有过接触，可惜最终没能达成协议。

????这条消息有些意外，当然不是指两人有意买下黑莓。因为上个月就有报道称，拉扎里迪斯已联系了黑石集团（Blackstone Group）和凯雷资本（Carlyle Group）等私募公司。相反，两人并没有选择和加拿大Fairfax金融公司合作，这不免让人吃惊。因为后者刚刚“同意”以47亿美元收购黑莓。

????这个“同意”要加上引号，因为Fairfax的这桩交易不确定因素太多了。首先，Fairfax本身并没有完成尽职调查；再者，Fairfax有权随时终止交易，但却不用交一分钱的违约金。更为重要的是，Fairfax表示自己将牵头投资机构进行融资，不过它并未透露具体名单。（Fairfax只愿意持有10%的黑莓股份）。

????许多人此前猜测Fairfax为了弥补资金漏洞打算和其他股东合作，其中就包括拉扎里迪斯和弗莱金。但最新的文件表示他们之间显然没有达成一致。或者至少目前看是如此。这也佐证了两人和私募资本的接触目前还没有取得实质性的成果。

????今天这番讨论不但没解决问题，还带来了更多的问题，无疑正是黑莓如今形势的真实写照。（财富中文网）

????译者：项航??

????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.