BlackBerry Shares Move On Windows Phone Announcement

BlackBerry (NASDAQ: BBRY) announced Thursday morning that it has entered into a collaboration with Microsoft (NASDAQ: 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.

"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," Biniak said.

Following the news, shares of BlackBerry spiked up about two percent but have since dropped back to levels below the previous day's close of $9.71.