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BlackBerry Ltd. says it has agreed to sell its non-core patents to Catapult IP Innovations Inc. for $600 million (U.S.)

BlackBerry Ltd. says it has agreed to sell its non-core patents to Catapult IP Innovations Inc. for $600 million (U.S.)

The company says Delaware-registered Catapult was formed specifically to acquire the patents, with funding from a group of lenders led by Toronto-based Third Eye Capital that also includes an unnamed Canadian pension fund.

Waterloo, Ont.-based company says the patents being sold are not essential to its current core business but that it will receive a license back to them.

It says the patents relate primarily to mobile devices, messaging and wireless networking and that the deal won’t affect the use of BlackBerry’s products, solutions, or services.

Source: Toronto Daily Star

Date: January 25th, 2022

Link: https://www.thestar.com/business/2022/01/31/blackberry-sells-legacy-patents-to-catapult-ip-innovations-for-600m-us.html

Discussion

  1. Blackberry was once the dominant smartphone platform. What happened? (In 2008 Apple launched the touchscreen iPhone which replaced Blackberry’s button-keypad device)
  2. Would it actually make better sense to still have real button keyboards for most business-related uses of a smartphone?

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