Former Apple boss may plan BlackBerry bid

Former Apple boss may plan BlackBerry bid

Dylan Bushell-Embling  |   October 25, 2013
Embattled smartphone maker BlackBerry may have yet another suitor interested in buying out the company.
Former Apple CEO John Sculley is considering mounting a takeover offer for the company, sources told Canada's Globe and Mail
While Sculley has declined to comment on the rumors, he did tell the paper that he believes there is a “lot of future value in Blackberry” so long as it ends up in the hands of an experienced team with a credible turnaround plan.
Sculley was CEO of Apple from 1983 to 1993. He is perhaps best known in this context as the man who fired Steve Jobs.
He had previously had a long and successful career at PepsiCo, and has since been involved with a number of startups and larger companies.
Sculley is only the latest entrepreneur to be linked to a potential buyout of BlackBerry. Co-founders Mike Lazaridis and Douglas Fregin have disclosed that they are considering the possibility of a joint bid, and at least one distressed company investor is also said to be sniffing around.
This is in addition to the tentative $4.7 billion offer from a consortium led by BlackBerry shareholder Fairfax Financial. This offer is currently at the due diligence stage.
Dylan Bushell-Embling


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