Search
  • PopCan

BlackBerry selling legacy patents for US$600M

BNN: "BlackBerry Ltd. is cashing in on some of its intellectual property.

"The Waterloo, Ont.-based security software firm announced on Monday it's selling non-core legacy patents to Catapult IP Innovations Inc. for US$600 million, including US$450 million in cash. The balance will come in the form of a US$150-million promissory note.

"In a release, BlackBerry said the patents primarily relate to mobile devices, messaging, and wireless networking. The company added that it will license the patents and that the deal won't affect any of its products or services."

0 views0 comments

Recent Posts

See All

MSN: 'Russian energy giant Gazprom says it has suspended gas supplies to Latvia - the latest EU country to experience such action amid tensions over Ukraine. Gazprom accused Latvia of violating condit

JCCF: 'The Justice Centre regrets to announce that the Ontario Superior Court of Justice has postponed the constitutional challenge to the Ontario government’s now-cancelled vaccine passport mandates.