Apple’s Ex-CEO Sculley Says Was Lining Up BlackBerry Bid

Nov. 6 (Bloomberg) -- John Sculley, partner at Sculley Brothers, discusses his role in a bid for BlackBerry and offers his thoughts on the future of the smartphone maker and whether he would be willing to take another chance on the company. He speaks on Bloomberg Television’s “Bloomberg Surveillance.”

John Sculley, the former Apple Inc. chief executive officer, said he and a group of investors were lining up a bid for BlackBerry Ltd. and was surprised when the company abandoned its attempt to sell itself.

“We were pretty confident that we had the funds to be able to do the deal,” Sculley, who now serves as chairman of Pivot Technology Solutions Inc., said today on “Bloomberg Surveillance” with Tom Keene.

Earlier this week, BlackBerry ended a review of its strategic options after the collapse of a $4.7 billion buyout deal. The smartphone maker is now raising $1 billion in convertible debt and will pursue a fresh turnaround plan under new interim Chief Executive Officer John Chen, the former chief of Sybase Inc.

More BlackBerry News:

Fairfax Financial Holdings Ltd. CEO Prem Watsa, who was leading the takeover bid for BlackBerry, walked away from the $4.7 billion buyout after struggling to raise financing, according to people familiar with the plan. Watsa is rejoining BlackBerry’s board and will work with Chen on a comeback strategy.

“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,” Sculley said. “So we decided to wait and see what happened because we thought the price might drop or there may be other bidders coming in.”

To contact the reporter on this story: Scott Moritz in New York at

To contact the editor responsible for this story: Nick Turner at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.