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
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