The information comes from the submission of a regulation made public on Tuesday, in which Laziridis said he would not make an offer to buy the company and as a result has reduced its share to around 4.99 percent in thecompany of intelligent phones.
The news should allay rumors that Lazaridis could make a play to regain control of the company, which had included rumors buyers ranging from Facebook to Amazon.
Along with the help of Fairfax Financial Holdings last, an honest recognition of potentially Lazaridis ends this drama, preparing for a return to the roots of the company as proposed by chief executive John Chen.
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