According to an article in Reuters, BlackBerry will sell its original telephone, messaging and telecommunications patents for $600 million dollars.
According to the report, through the Catapult IP Innovations company, an independent company will be created that will be the owner of these patents.
This should not affect users or customers of your products or services. However, the purchasing firm will be able to take advantage of these patents commercially.
According to the conditions agreed in the transaction, the technology firm will receive $450 million dollars in cash, in addition to a promissory note for the remaining $150 million.
After the disappearance of BlackBerry OS and BlackBerry 10, the sale of patents appears as a logical move by the company. It should be remembered that BlackBerry Limited has licensed its brand to other firms so that they continue to manufacture smartphones, however, these devices have long since ceased to be its main focus of attention.
The last few years have been marked by a major revival by BlackBerry, today more dedicated to software and cybersecurity. In fact, it offers its services to a large number of important clients, among which those in the automotive field stand out.
US-listed shares of BlackBerry were down 3.6 percent in premarket trading.
A few years ago, this Canadian company became known for its phones with a small physical QWERTY keyboard as well as the BBM instant messaging service, a technology that ended up becoming a benchmark in the field of cell phones.