BlackBerry is considering spinning off its flagship messaging service into a separate company.
The Canadian smartphone maker has not confirmed the widely-reported news, but it is strongly believed to be thinking about running BlackBerry Messenger under a separate company called BBM.
The Washington Post claims that the company has reallocated resources to work exclusively on enhancing the messenger service ahead of its launch on rivals' devices, with the service expected to launch on iPhone and Android in the near future.
By adding video calling and WiFi to its messaging service, the company intends to provide value for customers.
Earlier this month, BlackBerry appointed a special panel to pursue various options including a shareholder buyout in an effort to take the company private and reorganise the business.
But the firm, which lost £54m in the last quarter, £65m in the first quarter of the year, and predicts it will lose more in the three months to the end of September, must raise billions to buy out all the shareholders.