Apple Inc. (NASDAQ:AAPL)’s Former Chief Executive Officer Denies Interest In BlackBerry Ltd (NASDAQ:BBRY)

Posted by admin October 27, 2013 0 Comment 2154 views

In an earlier article, there was a mention about Apple Inc. (NASDAQ:AAPL)’s former Chief Executive Officer, John Sculley’s possible interest in BlackBerry Ltd (NASDAQ:BBRY) who stated that the BlackBerry has a good deal of future value. To remind, in late September BlackBerry agreed in principal to be acquired by Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF), a Canadian insurance company and Blackberry’s largest shareholder. Whereby BlackBerry entered into a six week shop period, where it can solicit and enter into negotiations with other interested parties.

Since then BlackBerry has been linked with number of potential tech giants including Cisco Systems, Inc.(NASDAQ:CSCO), Google Inc. (NASDAQ:GOOG), SAP AG (ADR)(NYSE:SAP) and now the recent non-disclosure agreement with Lenovo Group Limited (ADR)(OTCMKTS:LNVGY).

Though till date, except Lenovo, there was no official confirmation from any other potential buyers regarding ongoing talks or even their interest in BlackBerry; recently the Chief financial Officer of SAP made the company’s stance clear on its non-interest in the BlackBerry deal.

In an interview with German magazine, Werner Brandt, CFO of German business software group SAP, mentioned that the troubled smart phone maker Blackberry doesn’t fit with SAP’s strategy as the company already offers mobile solutions and presently need not feel of any possible gaps in that segment.

The popularity of smartphones using Google’s Android operating system as well as gaining market share of Apple’s iPhone, troubled once the smartphone market leader, Canada based BlackBerry Limited to an extent that the company need to put itself up for sale.

Though there seems to be no dearth of interest by technology players, there is few official announcements about what is going on. Among these, one is from the BlackBerry’s co-founders who are considering a bid for a tentative offer of $9 per share, backed by Canadian property and casualty insurer FairfaxFinancial Holdings. Another, as already mentioned, is the China based Lenovo group that is eyeing to accelerate its brand presence in developed markets through the BlackBerry deal.

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