Ex-Apple CEO John Sculley was ready to bid for BlackBerry
A few weeks ago it was reported that Ex-Apple CEO John Sculley was exploring the option of making a bid for BlackBerry. Obviously that didn't pan out as BlackBerry ended their strategic review earlier this week, however it appears that Sculley may have been more serious than originally thought.
On Bloomberg Surveillance today, Sculley said that he and a group of investors were close to having the funds to make a go at BlackBerry and were actually surprised when the company took itself off the market.
“We were pretty confident that we had the funds to be able to do the deal, but we didn’t think Prem Watsa from Fairfax was going to be able get his deal fully funded, so we decided to wait and see what happened because we thought the price might drop or there may be other bidders coming in."
No way of knowing if a Sculley deal would have worked out for BlackBerry as they've now received $1 billion in investments and are no longer actively seeking a buyer.