Reports from the Canadian press have added John Sculley is exploring a takeover bid for the troubled company.
Speculation on who will take over Blackberry has been rampant, and largely unproductive and inaccurate over the last few years. Now, a report from the press in Canada is adding another name to that long list: John Sculley.
John Sculley is most famous for taking away the reins of Apple from Steve Jobs in 1983 after the two clashed over management styles and direction of the company. Sculley remained as CEO of the company until 1993 when he resigned over disagreements on whether to license out Macintosh’s software and split the company in two.
Of course Sculley will neither confirm or deny the rumor, telling The Globe and Mail “there’s a lot of future value in Blackberry,” though “without experienced people who have run this type of business, and without a strategic plan, it would be really challenging.”
“Whoever buys it would have to have a strategic plan that was credible and could succeed,” he continued, “and they would want to have an experienced team that would be able to implement that plan.”
The most likely candidate in the list of suitors to take Blackberry private is Prem Watsa’s Fairfax Financial Holdings, which is offering $4.7 billion for the company. Other parties interesting in buying Blackberry include Lenovo, Cisco, Google, but their plans may fall short due to provisions in the Investment Canada Act that call for mandatory reviews of any foreign takeover of a company worth over $1-billion.
Source: The Globe and Mail