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BlackBerry shares surge after Facebook bid for WhatsApp

By Euan Rocha TORONTO (Reuters) – Facebook Inc’s stunning $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd surging after the closing bell on Wednesday, as investors were cheered by the lofty valuation for the messaging platform. The deal sent shares in BlackBerry up as much as 9 percent in trading after the bell because it put a rough valuation metric around the smartphone maker’s own BlackBerry Messaging service. BlackBerry Messaging, or BBM as it is more commonly known, was a pioneering mobile-messaging service, but its user base has failed to keep pace with that of

Quoted from BlackBerry shares surge after Facebook bid for WhatsApp on Gadgets News Headlines – Yahoo! News

BlackBerry Ltd. shares surged nearly 11 per cent on the Toronto Stock Exchange on Thursday after a research report identified the pany as a likely target for an acquisition. BlackBerry shares surged on Wednesday after the smartphone maker said one of its established partners has placed an order for 1 million BlackBerry 10 smartphones, with shipments starting immediately. maker Research in Motion has revealed it lost $235m (£144m) in the past quarter. In the three months to September 1, the Canadian-based firm posted its third consecutive loss. But the Tags: blackberry, shares, surge, after, BlackBerry shares surge despite record d 15.52 percent to end the day at $7.22. AFP – staged an unexpected rally last Friday news of a record loss from the struggling smartphone maker was offset by an announcement of a manufacturing partnership with

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