{"id":18507,"date":"2022-01-31T08:08:29","date_gmt":"2022-01-31T16:08:29","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18507"},"modified":"2022-01-31T08:19:40","modified_gmt":"2022-01-31T16:19:40","slug":"blackberry-to-sell-legacy-patents-for-usd-600-million","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/","title":{"rendered":"BlackBerry to Sell Legacy Patents for USD 600 Million"},"content":{"rendered":"\n

BlackBerry Limited (NYSE: BB) reported<\/a> entry into a patent sale agreement with Catapult IP Innovations Inc.\u00a0 BlackBerry has agreed to sell all of its non-core patent assets to Catapult for a total consideration of USD 600 Million.\u00a0 Patents that are essential to BlackBerry\u2019s core business operations are excluded from this transaction as the company will receive a license back to the patents being sold.\u00a0 These relate primarily to mobile devices, messaging and wireless networking.\u00a0 This transaction will not affect customers\u2019 use of any of BlackBerry\u2019s products, solutions or services.<\/p>\n\n\n\n

Cash Commitment <\/h5>\n\n\n\n

Catapult will fund the acquisition with USD 450 Million senior secured term loan, where it has received USD 400 Million of conditional commitments from a lending syndicate led by Third Eye Capital which includes a Canadian pension fund.\u00a0 At the close of the transaction, BlackBerry will receive USD 450 Million in cash with a promissory note in the principal amount of USD 150 Million.\u00a0 This note will be secured by a second lien on the assets of the purchaser and will be subordinated to the rights of the senior lending syndicate.\u00a0 This note will be payable in five equal annual installments of USD 30 Million in cash commencing on the third anniversary of the closing date provided that the senior loan is not in default.\u00a0\u00a0<\/p>\n\n\n\n

Regulatory Conditions<\/h5>\n\n\n\n

Completion of the transaction must satisfy all regulatory conditions under the Hart Scott Rodino Antitrust Improvements Act in the United States and the Investment Canada Act.<\/p>\n","protected":false},"excerpt":{"rendered":"BlackBerry Limited (NYSE: BB) reported entry into a patent sale agreement with Catapult IP Innovations Inc.\u00a0 BlackBerry has agreed to sell all of its non-core patent assets to Catapult for a total consideration of USD 600 Million.\u00a0 Patents that are essential to BlackBerry\u2019s core business operations are excluded from this transaction as the company will… View Article<\/a>","protected":false},"author":3,"featured_media":18508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,11,7,16],"tags":[],"acf":[],"yoast_head":"\nBlackBerry to Sell Legacy Patents for USD 600 Million - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackBerry to Sell Legacy Patents for USD 600 Million - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"BlackBerry Limited (NYSE: BB) reported entry into a patent sale agreement with Catapult IP Innovations Inc.\u00a0 BlackBerry has agreed to sell all of its non-core patent assets to Catapult for a total consideration of USD 600 Million.\u00a0 Patents that are essential to BlackBerry\u2019s core business operations are excluded from this transaction as the company will... View Article\" \/>\n<meta property=\"og:url\" content=\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\" \/>\n<meta property=\"og:site_name\" content=\"MarketDepth\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/marketdepthnews\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-31T16:08:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-31T16:19:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/01\/Blackberry-Cellphone-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1362\" \/>\n\t<meta property=\"og:image:height\" content=\"2048\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MarketDepth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:site\" content=\"@MarketDepthNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MarketDepth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\"},\"author\":{\"name\":\"MarketDepth\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\"},\"headline\":\"BlackBerry to Sell Legacy Patents for USD 600 Million\",\"datePublished\":\"2022-01-31T16:08:29+00:00\",\"dateModified\":\"2022-01-31T16:19:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\"},\"wordCount\":248,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"articleSection\":[\"Breaking\",\"Business\",\"Investing\",\"Technology\",\"What's Hot\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\",\"url\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\",\"name\":\"BlackBerry to Sell Legacy Patents for USD 600 Million - MarketDepth\",\"isPartOf\":{\"@id\":\"https:\/\/marketdepth.com\/#website\"},\"datePublished\":\"2022-01-31T16:08:29+00:00\",\"dateModified\":\"2022-01-31T16:19:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/marketdepth.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BlackBerry to Sell Legacy Patents for USD 600 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/marketdepth.com\/#website\",\"url\":\"https:\/\/marketdepth.com\/\",\"name\":\"MarketDepth\",\"description\":\"Stock Market News & Headlines\",\"publisher\":{\"@id\":\"https:\/\/marketdepth.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/marketdepth.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/marketdepth.com\/#organization\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"contentUrl\":\"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"MarketDepth\"},\"image\":{\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/marketdepthnews\",\"https:\/\/twitter.com\/MarketDepthNews\",\"https:\/\/www.instagram.com\/marketdepth\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69\",\"name\":\"MarketDepth\",\"url\":\"https:\/\/marketdepth.com\/author\/3\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BlackBerry to Sell Legacy Patents for USD 600 Million - MarketDepth","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/","og_locale":"en_US","og_type":"article","og_title":"BlackBerry to Sell Legacy Patents for USD 600 Million - MarketDepth","og_description":"BlackBerry Limited (NYSE: BB) reported entry into a patent sale agreement with Catapult IP Innovations Inc.\u00a0 BlackBerry has agreed to sell all of its non-core patent assets to Catapult for a total consideration of USD 600 Million.\u00a0 Patents that are essential to BlackBerry\u2019s core business operations are excluded from this transaction as the company will... View Article","og_url":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/","og_site_name":"MarketDepth","article_publisher":"https:\/\/www.facebook.com\/marketdepthnews","article_published_time":"2022-01-31T16:08:29+00:00","article_modified_time":"2022-01-31T16:19:40+00:00","og_image":[{"width":1362,"height":2048,"url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2022\/01\/Blackberry-Cellphone-scaled.jpg","type":"image\/jpeg"}],"author":"MarketDepth","twitter_card":"summary_large_image","twitter_creator":"@MarketDepthNews","twitter_site":"@MarketDepthNews","twitter_misc":{"Written by":"MarketDepth","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#article","isPartOf":{"@id":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/"},"author":{"name":"MarketDepth","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69"},"headline":"BlackBerry to Sell Legacy Patents for USD 600 Million","datePublished":"2022-01-31T16:08:29+00:00","dateModified":"2022-01-31T16:19:40+00:00","mainEntityOfPage":{"@id":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/"},"wordCount":248,"commentCount":0,"publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"articleSection":["Breaking","Business","Investing","Technology","What's Hot"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/","url":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/","name":"BlackBerry to Sell Legacy Patents for USD 600 Million - MarketDepth","isPartOf":{"@id":"https:\/\/marketdepth.com\/#website"},"datePublished":"2022-01-31T16:08:29+00:00","dateModified":"2022-01-31T16:19:40+00:00","breadcrumb":{"@id":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/marketdepth.com\/blackberry-to-sell-legacy-patents-for-usd-600-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/marketdepth.com\/"},{"@type":"ListItem","position":2,"name":"BlackBerry to Sell Legacy Patents for USD 600 Million"}]},{"@type":"WebSite","@id":"https:\/\/marketdepth.com\/#website","url":"https:\/\/marketdepth.com\/","name":"MarketDepth","description":"Stock Market News & Headlines","publisher":{"@id":"https:\/\/marketdepth.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/marketdepth.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/marketdepth.com\/#organization","name":"MarketDepth","url":"https:\/\/marketdepth.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/","url":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","contentUrl":"https:\/\/marketdepth.com\/wp-content\/uploads\/2021\/05\/MarketDepth-Placeholder-1.jpg","width":1500,"height":1000,"caption":"MarketDepth"},"image":{"@id":"https:\/\/marketdepth.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/marketdepthnews","https:\/\/twitter.com\/MarketDepthNews","https:\/\/www.instagram.com\/marketdepth\/"]},{"@type":"Person","@id":"https:\/\/marketdepth.com\/#\/schema\/person\/1c07fd6f269e57bf07013b63d7245f69","name":"MarketDepth","url":"https:\/\/marketdepth.com\/author\/3\/"}]}},"_links":{"self":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/18507"}],"collection":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/comments?post=18507"}],"version-history":[{"count":1,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/18507\/revisions"}],"predecessor-version":[{"id":18509,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/posts\/18507\/revisions\/18509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media\/18508"}],"wp:attachment":[{"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/media?parent=18507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/categories?post=18507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketdepth.com\/wp-json\/wp\/v2\/tags?post=18507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}