BlackBerry Weighs Messenger Spinoff
BlackBerry Ltd. is considering spinning off its messaging service into a subsidiary that would operate with more independence, according to people familiar with the matter.
The Waterloo, Ontario-based smartphone maker is working to revive BlackBerry Messenger even as it pursues a strategic review that could result in a sale of the company.
The subsidiary would be called BBM Inc., according to people familiar with the matter. The move signals that BlackBerry is trying to position BBM as a valuable asset ahead of a potential sale.