BlackBerry to sell patents related to mobile devices, messaging for $600 million

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

BlackBerry Ltd said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire the company's patent assets.BlackBerry said the transaction with the vehicle, Catapult IP Innovations Inc, wi

BlackBerry Ltd said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire the company's patent assets.

The move comes weeks after BlackBerry pulled the plug on service for its once ubiquitous business smartphones, which were toted by executives, politicians and legions of fans in the early 2000s.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I will show you on how you can invest your $100 and get profit of $10,000 in just 5days of trading. If you are interested ask me how?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'China's Tesla' Nio mulling SGX secondary listingIn its September 2018 US IPO, Nio raised some US$1 billion by selling 160 million American depository shares at US$6.26 each.
Source: YahooSG - 🏆 3. / 71 Read more »

How to spot hidden cameras in Airbnb rental propertiesSecret surveillance devices have been discovered at a number of holiday apartments
Source: YahooSG - 🏆 3. / 71 Read more »

OCBC says S$13.7 million lost in phishing scams, up from S$8.5 millionSINGAPORE: A total of S$13.7 million was lost in the recent spate of phishing scams involving OCBC Bank, up from the S$8.5 million reported in December, the bank said in an update on Sunday (Jan 30). It added that the number of customers affected also went up, from 469 to 790, as more victims cam
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Apple now has 1.8b active devices, could exceed 2b this year
Source: asiaonecom - 🏆 10. / 59 Read more »

China reports 34 new COVID-19 cases among related personnelBEIJING : Thirty-four new COVID-19 infections were detected among Olympics-related personnel, the Beijing 2022 Winter Games organising committee said on Sunday, including Poland's short track medal hopeful Natalia Maliszewska.Of those, 13 were athletes or team officials who tested positive after arriving
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China reports 34 new COVID-19 cases among Olympics-related personnelBEIJING: Thirty-four new COVID-19 infections were detected among Olympics-related personnel, the Beijing 2022 Winter Games organising committee said on Sunday (Jan 30), including Poland\u0027s short track medal hopeful Natalia Maliszewska. Of those, 13 were athletes or team officials who tested positive after a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »