Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

RSS
123

Opinion Articles

BlackBerry sells mobile and messaging patents
News

BlackBerry sells mobile and messaging patents

Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating
Former smartphone manufacturer BlackBerry has agreed a deal to sell its 'legacy' patents for $600 million (£443 million). The company, which became a security software business when it moved away from smartphones, says it'll keep patents that are essential to its current business and will only sell its non-core patent assets to US-based Catapult IP Innovations.

In return for the deal, BlackBerry will receive a licence to keep using the patents it's selling, which mainly relate to mobile devices, messaging and wireless networking.

Capital IP Innovations is a company that's been set up to acquire the BlackBerry patents, with support from a lending syndicate led by Toronto-based Third Eye Capital. BlackBerry will receive $450 million in cash and an agreement to be paid five equal annual installments of $30 million commencing on the third anniversary of the closing date. The deal is subject to regulatory approval, which could take several months.

Comments

Collapse Expand Comments (0)
You don't have permission to post comments.

Recent Podcasts

ExclusiveTesco gets into smartphones, Facebook gets into advertising... and O2 gets into trouble

We start this week's podcast with Tesco's plans for a Hudl-branded smartphone. Next comes some potentially good news about the 'patent wars' affecting the mobile industry - although there's certainly no sign of a ceasefire.

Later we discuss an announcement from Facebook about its mobile advertising scheme, an unfortunate mistake for O2's Travel service, a new 20 megapixel camera-phone and an automotive investment by Nokia.

ExclusiveSeven days of mobile industry news, from money transfers to monster tracking

Telefonica sets up its own mobile advertising business, Mozilla puts an interim CEO in place and Nokia suspends sales of its flagship Windows 8.1 RT tablet: all topics for discussion in this week's podcast.

We're also talking about the future growth of Orange Money, EE's online activity, mobile broadband growth and the Loch Ness monster being spotted on Apple iPhones.

ExclusiveAn introduction to embedded mobile security with Loic Hamon of Inside Secure

When the topics of mobile technology and security are discussed, the conversation can end up focussing on third-party software solutions.

Inside Secure has a different perspective. It's a specialist in embedded security; building protection in from the start. To learn more, Mark Bridge caught up with Loic Hamon, Vice President of Corporate Development at Inside Secure, at the company's hospitality suite during Mobile World Congress.

RSS
First34568101112Last

Follow thefonecast.com

Archive Calendar

«May 2026»
MonTueWedThuFriSatSun
27282930123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive