Former Apple Inc CEO John Sculley mulling BlackBerry bid

Oct 25 2013, 16:37 IST
Comments 0
A group led by property and casualty insurer Fairfax Financial Holdings last month unveiled a $9 a share tentative offer for BlackBerry. A group led by property and casualty insurer Fairfax Financial Holdings last month unveiled a $9 a share tentative offer for BlackBerry.
SummaryMuch vilified for sacking Apple Inc's Steve Jobs, John Sculley says he has been a long-time BlackBerry fan.

Former Apple Inc chief executive John Sculley, who once famously sacked Steve Jobs, is exploring a joint bid for smartphone maker BlackBerry with Canadian partners, the Globe and Mail reported on Wednesday, citing unnamed sources.

The report said Sculley declined to comment on the matter, but told the Canadian newspaper that he has been a long-time BlackBerry fan and user.

BlackBerry, based in Waterloo, Ontario, once dominated the smartphone market but put itself up for sale after being overtake by Apple’s iPhone and devices using Google Inc’s Android operating system.

“The only thing I would say is, I think there’s a lot of future value in Blackberry,” Sculley told the newspaper. “But without experienced people who have run this type of business, and without a strategic plan, it would be really challenging.”

Sculley could not immediately be reached to comment on the report or confirm the quotes. He was president of PepsiCo, until he became CEO of Apple in1983, a position he held until leaving in 1993.

Sculley, who famously clashed with Apple’s iconic founder Steve Jobs, reportedly has considered putting in a bid for Blackberry since the firm put itself up for sale in August.

A BlackBerry spokeswoman said in an email to Reuters that the company did not plan to comment on its strategic

review until it approves a specific deal or otherwise concludes the process.

A group led by property and casualty insurer Fairfax Financial Holdings last month unveiled a $9 a share tentative offer for BlackBerry, but Fairfax did not reveal the other members of the bidding consortium.

BlackBerry is also in talks with Cisco Systems Inc, Google and SAP about selling them all or parts of itself, several sources close to the matter had told Reuters.

BlackBerry co-founders Mike Lazaridis and Douglas Fregin are also considering a bid, a securities filing showed earlier this month. Chinese computer maker Lenovo Group has also been cited as a potential buyer.

Ads by Google

More from International

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...