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

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