BlackBerry Agrees to Sell Patent Asset to Catapult for USD 600 million
shot by IP News Shots / 5:33 pm on 04 February, 2022
BlackBerry Limited, formerly known as Research in Motion Limited (RIM), will be selling its non-core patent assets to Catapult IP Innovations Inc. for USD 600 million. Patents include technologies related to mobile devices, wireless networking, and messaging. The payment includes a USD 450 million senior secured term loan and a USD 150 million promissory note. However, the deal is subjected to regulatory review, which could take up to 210 days.
Industry: Consumer Electronics, Others, Telecommunications | News Category: Deals - Sales | Type of IP: Patent
Read more at IT World Canada
IBM Sells More than 100 Patents to DoorDash
shot by IP News Shots / 5:46 pm on 22 October, 2021
International Business Machines Corporation (IBM) has struck a deal with DoorDash, Inc. IBM has sold more than hundreds of its patents to DoorDash. The deal will be beneficial for the DoorDash.
Industry: IT Services, Others | News Category: Deals - Sales | Type of IP: Patent
Read more at IAM
BlackBerry’s Patent Sale Price Set, says CEO
shot by IP News Shots / 6:02 pm on 24 September, 2021
BlackBerry Ltd.’s CEO has confirmed the sale price for the BlackBerry’s patents. The CEO has nodded about the 80% finalization of deal in coming months. The deal has been delayed due to complexity.
Industry: Consumer Electronics | News Category: Deals - Sales | Type of IP: Patent
Read more at Law360
Ofinno’s Strong Patent Portfolio Up for Grabs
shot by IP News Shots / 7:10 pm on 09 August, 2021
As per reports, even after Ofinno has sold a large part of its patent portfolio to big players in the industry, the company still has a lot of patents to offer for sale. The patents owned by the company relate to wireless technology.
Industry: Telecommunications, Wireless Communications | News Category: Deals - Sales
Read more at IAM
Mitsubishi’s Patent Selling Spree Sparks Litigations
shot by IP News Shots / 6:05 pm on 28 May, 2021
Mitsubishi Electric Corporation seems to have been on a patent sale spree through the previous year. With several deals closed by the Japanese company, some of the sold patents have also appeared in legal cases in the US.
Read More at: IAM
Industry: Consumer Electronics, Electrical Equipment | News Category: Deals - Sales
LG Innotek All Set to Sell LED Patents
shot by IP News Shots / 10:33 am on 12 May, 2021
LG Innotek is all set to sell its patents relating to the LED business to a China-based LED company. The patent portfolio that is included in the sales deal contains over 10,000 LED-related patents.
Read More at: https://www.gizmochina.com/2021/05/10/lg-innotek-selling-led-patents-equipment-china/
Industry: Electrical Equipment | News Category: Deals - Sales