Few days ago it was reported that Facebook has entered an agreement to purchase WhatsApp for $19 billion. If the price didn’t make you jump out of your chair, it probably made a lot of industry analysts marvel at WhatsApp price tag considering the fact that just over 7-months ago, the company was valued at $1.5 billion.
BlackBerry’s CEO doesn’t see the deal as a bad one. In an interview with CNBC, Chen admitted he would “definitely sell” BBM for $19 billion and “recommend to the board to take it.” BlackBerry currently has a market cap of $5.17 billion and you don’t need to wonder why Chen will grab such opportunity.
BlackBerry continues to struggle and has seen its market-share dropped to 4th position in the world, giving way to Microsoft’s Windows Phone OS to sit comfortably in third position. According to IDC, Andriod and iOS accounted for 93.8% of all smartphone shipments in 2013. This year, we expect to see a further change in statistics with Samsung preparing to launch its Tizen Operating System.
BBM which is strongly tied to BlackBerry’s enterprise isn’t anywhere near WhatsApp in user base. Part of the reasons is due to delay by RIM in making BMM cross-platform. The effect of such decision was clearly advantageous to the popularity of WhatsApp which currently has a user base of over 450 million and works in low-end smartphones.
Will anyone be willing to acquire BBM for $19 billion? That’s a question that will definitely break the boundaries of accurate answer.
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