Skip to comments.BlackBerry Ltd CEO John Chen would ‘definitely’ sell BBM for $19-billion
Posted on 02/25/2014 4:40:34 PM PST by rickmichaels
If anyone has a cheque for US$19-billion, John Chen has a mobile instant messaging platform you can buy.
In a not-so-stunning revelation, the chief executive of BlackBerry Ltd. told a reporter from CNBC on Tuesday that if someone approached him looking to buy BlackBerry Messenger, and was willing to fork over the US$19-billion price Facebook Inc. recently shelled out for WhatsApp Inc., he would recommend that the board take the deal.
I work for the shareholders. The standard answer, right? Mr. Chen said.
If somebody comes to me with $19-billion I would definitely sell it. I mean, I would recommend to the board to take it, but it all depends on what it is.
Of course, its pretty unlikely that anyone is looking to buy BBM for US$19-billion, considering the popular instant messaging platform is only one division of BlackBerry, a company with a total market capitalization of US$5.63-billion.
Still, its clear that Mr. Chen is leaving all options on the table, even if his answer did appear somewhat tongue-in-cheek.
While BBM has seen its user base grow to more than 80 million users since BlackBerry opened the platform up to non-BlackBerry devices namely Apple Inc.s iPhones, as well as devices running Google Inc.s Android and Microsoft Corp.s Windows Phone software the Waterloo, Ont.-based companys messaging service still trails WhatsApps 450-million strong user base by a wide margin.
(Excerpt) Read more at business.financialpost.com ...
As a Z10 user, I would prefer BlackBerry focus on selling some phones.