Saturday, February 5, 2022
BlackBerry sells mobile and messaging patents
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.
[EasyDNNnews:GravityGallery]
[EasyDNNnews:IfExists:AuthorProfile]
[EasyDNNnews:Author:Image:Width:114:Height:99:Resize:Crop]
[EasyDNNnews:Author:DisplayName][EasyDNNnews:Author:RSSURL]
[EasyDNNnews:Author:ShortInfo] [EasyDNNnewsLocalizedText:Otherpostsby] The Fonecast
[EasyDNNnews:Author:Facebook]
[EasyDNNnews:Author:Twitter]
[EasyDNNnews:Author:LinkedIn]
[EasyDNNnews:Author:GooglePlus]
[EasyDNNnews:Author:YouTube]
[EasyDNNnews:Author:Instagram]
[EasyDNNnews:Author:Website]
[EasyDNNnews:Author:Contact]
[EasyDNNnews:Author:FullInfo]
[EasyDNNnews:EndIf:AuthorProfile]
[EasyDNNnews:IfExists:AuthorGroup]
[EasyDNNnews:Author:GroupImage:Width:114:Height:99:Resize:Crop]
[EasyDNNnews:Author:GroupName][EasyDNNnews:Author:GroupRSSURL]
[EasyDNNnews:Author:GroupInfo]
[EasyDNNnews:Author:GroupFacebook]
[EasyDNNnews:Author:GroupTwitter]
[EasyDNNnews:Author:GroupGooglePlus]
[EasyDNNnews:Author:GroupLinkedIn]
[EasyDNNnews:Author:GroupYouTube]
[EasyDNNnews:Author:GroupInstagram]
[EasyDNNnews:Author:GroupWebsite]
[EasyDNNnews:Author:GroupContact]
[EasyDNNnews:EndIf:AuthorGroup]
[EasyDNNnews:RelatedArticles]