- Sources state BlackBerry (BBRY -2%) is thinking of spinning off BlackBerry Messenger into "a subsidiary that would operate with more independence." The subsidiary would be called BBM, Inc.
- The spinoff report comes as BlackBerry continues to explore "strategic alternatives" believed to include an LBO (perhaps with Prem Watsa's help) or a sale to another tech company. The WSJ observes the move indicates "BlackBerry is trying to position BBM as a valuable asset ahead of a potential sale."
- BBM (60M users), long available only on BlackBerry's hardware, is set to arrive on iOS and Android. It'll face stiff competition on those platforms from the likes of WhatsApp (250M+ users), Facebook Messenger, Kik, Line, and Viber. A leaked video suggests Samsung will be an Android launch partner.
WSJ: BlackBerry thinking of spinning off BBM
Aug 27 2013, 11:35 ET