---
title: "BlackBerry signs a $900 million patent agreement following sale Catapult collapses"  
description: "Malikie Innovations Ltd. will acquire the patents for $170 million now and $30 million three years later."  
author: "Anonymous User"  
published: 2023-03-22  
canonical: https://www.mindstick.com/news/2910/blackberry-signs-a-900-million-patent-agreement-following-sale-catapult-collapses  
category: "news"  
tags: ["news", "phone"]  
reading_time: 2 minutes  

---

# BlackBerry signs a $900 million patent agreement following sale Catapult collapses

BlackBerry Ltd announced on Tuesday that it will sell patents relating mostly to its [mobile devices](https://yourviews.mindstick.com/view/85524/influence-of-mobile-devices-on-travel-and-tourism-experiences) for up to $900 million, following the [cancellation](https://answers.mindstick.com/qa/46736/should-you-buy-cancellation-travel-insurance) of a contract with Catapult IP Innovations Inc.

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Malikie Innovations Ltd will purchase the patents for $170 million in cash at the close of the transaction and an additional $30 million three years later.

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In addition, BlackBerry will get yearly cash royalties from the sales of the patents, which cover, among other things, its messaging and cellular networking.

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A brand-new division of the [intellectual property](https://yourviews.mindstick.com/story/2246/know-these-important-facts-on-intellectual-property-law) monetisation company Key Patent Innovations Ltd. is called Malikie.

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Although the intended agreement with Catapult IP Innovations Inc was [taking longer](https://www.mindstick.com/forum/158093/why-ajax-call-requests-are-taking-longer-time-to-execute) than normal to finish, resulting in a loss of exclusivity, Blackberry stated last year that it was looking into other [opportunities](https://www.mindstick.com/articles/12566/mba-courses-in-delhi-ncr-offer-you-many-opportunities-galore) to sell its rights.

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[**Also Read: BlackBerry OS Phones Are Dead! Will Stop Working Properly From 4th January**](https://www.mindstick.com/news/1178/blackberry-os-phones-are-dead-will-stop-working-properly-from-4th-january)

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The Canadian business said in a statement that Catapult "was unable to achieve funding that would have enabled it to execute the previously announced acquisition on adjusted terms that were acceptable to BlackBerry."

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BlackBerry's main businesses today include [cybersecurity](https://www.mindstick.com/articles/126351/why-cybersecurity-is-important-for-your-business) and software used by automakers, despite once being recognised for its phones with a small QWERTY physical keyboard and the BBM [instant messaging](https://www.mindstick.com/articles/167313/importance-of-instant-messaging-for-business-collaboration) service.

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The firm ended service for its smartphones in 2022 as a result of years of market share erosion to Apple's iPhones and competing Android handsets.

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[**Also Read: BlackBerry trying to Settle Shareholder Lawsuit over BlackBerry 10 to avoid trial**](https://www.mindstick.com/news/1547/blackberry-trying-to-settle-shareholder-lawsuit-over-blackberry-10-to-avoid-trial)

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After years of losing market share to Apple's iPhones and competing Android handsets, the business ended service for its cell phones last year.

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Blackberry announced in February 2022 that it will sell its historical patent portfolio, which mostly included [mobile technology](https://answers.mindstick.com/qa/105095/how-to-use-mobile-technology-for-event-management-in-business), messaging, and wireless networking, to a special purpose corporation created to buy the company's patent assets for $600 million (approximately Rs. 4,490 crore).

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Original Source: https://www.mindstick.com/news/2910/blackberry-signs-a-900-million-patent-agreement-following-sale-catapult-collapses

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