Details were scarce: although, the subsidiary would be named BBM Inc., according to the report.
It comes at a time where the Canadian smartphone maker continues to weigh up its strategic options ahead of a potential sale. Earlier in August, BlackBerry announced the forming of a special committee to, among others, "possible joint ventures, strategic partnerships or alliances, a sale of the Company or other possible transactions."
The company faces a difficult time ahead amid financial uncertainty. While the company's cash reserves are relatively stable year-over-year, the firm is cutting staff in efforts to reduce costs. BlackBerry also has no debt, making it a more attractive company to buy.