Facebook Inc’s breathtaking $19 million bid for fast-developing mobile-messaging software WhatsApp routed shares of BlackBerry Ltd spewing following the closing bell on Wednesday, as shareholders were cheered through the high valuation for the messaging program
WhatsApp is continuing to grow quickly. Its support operates on Apple Inc’s iOS system, Google Inc’s market-ruling Android operating-system, and products driven by both Windows and BlackBerry OS.
BBM continues well-liked, even though BlackBerry devices have decreased in acceptance. Later last year, the Waterloo, Ontario-based Smart phone manufacturer finally opened up the messaging program to users regarding iPhones and android gadgets, and the service presently offers over 80 million users. Yet, investors have ascribed little significance to the asset within the organization.
Facebook’s worth of WhatsApp converts into approximately $42 for each user, and that may direct investors and also analysts to re-think their valuation within BlackBerry.
After spewing excessive 82 within post-market trading upon the NASDAQ shortly after the WhatsApp deal had been introduced, shares in BlackBerry compensated on about $9.54, almost 6 % above their final price of $9.01 a share.