BlackBerry sells legacy patents of mobile devices, other tech to Catapult IP Innovations for $600 mn
Shortpedia
Content Team
Image Credit: REUTERS
Blackberry, one of the most popular phone brands of the era before smartphones took over, has announced that it is selling patents covering mobile devices, messaging and other tech to Catapult IP Innovations for $600 million. Catapult IP Innovations is a special purpose vehicle formed to acquire the BlackBerry patent assets. Blackberry says this sale "will not impact customers' use of any of BlackBerry's products, solutions or services".
