It seems like there was way more going on when it came to ending BlackBerry’s strategic review. The latest from Bloomberg comes from an interview with former Apple CEO John Sculley. We heard previously that Sculley was interested in getting in on a BlackBerry bid. Now he has confirmed that he and a group of investors were lining up a bid for BlackBerry. Here is exactly what he had to say:
“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.”
This new deal from Fairfax does not preclude a sale from happening but it obviously is no longer in the interest of the main players on BlackBerry’s board.