Mumbai, India -- (SBWIRE) -- 10/25/2013 -- The Globe and Mail reported citing unnamed sources that John Sculley, the former Apple Inc. CEO, is exploring a bid for the troubled BlackBerry Ltd. with Canadian partners. According to the newspaper, Sculley said “I think there's a lot of future value in BlackBerry, I’ve been a long-time BlackBerry fan and user”.
While BlackBerry has already accepted Fairfax Financial Holdings’ chief Prem Watsa’s deal, who would buy the BlackBerry maker at $9 a share, recent rumors also say that Chinese computer maker Lenovo Group Ltd. has also shown interest and could be a potential buyer of BlackBerry.
BlackBerry’s share price continues to drop and with the Nov. 4 deadline for Fairfax deal approaching fast, Investors are probably hoping that the bidding war would start soon since BlackBerry is also in talks with Cisco, Google, LG and Samsung, among others.
If Fairfax is having trouble lining up financial backing for the $4.7 billion deal, it is going to be likely that BlackBerry gets split up as few of the tech. giants are rumored to be interested only in parts of the company. Segmenting BlackBerry would still be good if the segments get picked up by tech giants. Whether the original deal with Fairfax goes through or not, BBM is still desired all over the world.
BlackBerry today has a market cap of $4.19 billion, after closing at $8.15 on Wednesday.
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