BlackBerry CEO willing to sell BBM for USD 19bn
BlackBerry CEO John Chen has plans for a turnaround of the sinking company, but has reportedly expressed willingness to sell the messenger service if someone offers him 19 billion dollars.
The statement comes amidst the recent eyeball grabbing purchase of WhatsApp by Facebook for the same amount.
Considering that BBM has a market capitalization of roughly 5.5 billion dollars and has less than 20 percent the active users of WhatsApp, it is unthinkable to wait for such a dream offer.
However, Chen reiterated many of his turnaround plans, including a focus on enterprise, and a mobile hardware with its recent 1.25 billion dollars funding, The Verge reports.
He said that devices were still one component of the solution to revive the company.
According to the report, another part of the focus on enterprise would manifest itself in advancing its mobile security solutions for large businesses by integrating certain industry-specific tools on the server side alongside BlackBerry's email and chat services.
(Posted on 26-02-2014)
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