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Blackberry Signs $900 Million Deal to Sell Patents Related to Mobiles

by Editor March 21, 2023, 4:50 pm 1.9k Views

Blackberry to Sell Patents for Mobile Devices in New $900 Million Deal After Sale to Catapult Collapses

BlackBerry said on Tuesday it would sell patents, primarily related to its mobile devices, for up to $900 million (roughly Rs. 7,441 crore) after the Canadian software company scrapped an earlier deal with Catapult IP Innovations.

Malikie Innovations will buy the patents and pay $170 (roughly Rs. 1,405 crore) million in cash on deal closing, and another $30 million (roughly Rs. 248 crore) three years later. BlackBerry will also get annual cash…

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