Black Berry Share Move on Windows Phone Announcement

Right around 9:00 am this morning, Black Berry Ltd. BBRY announced that it has entered into a collaboration with Microsoft MSFT to bring BBM to Windows Phone 8 and higher. "We are intent on bringing the most popular application experiences to Windows Phone, and with BBM, we are pleased to bring many of its top features to the Windows Phone platform," said the Vice President and General Manager of Developer Experience at Microsoft, Bryan Biniak. He added, "BBM on Windows Pone brings our customers the secure, easy-to-use messaging experience they demand, and we expect that new features will roll out in the months to come." Following the news shares of Black Berry spiked up ~2 percent but have since dropped back to levels below the previous day's close of $9.71.