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BlackBerry is selling its legacy patents relating to mobile, devices, messaging, and wireless networks to a special purpose vehicle for $600 million.
The Canadian mobile firm has long stopped making mobile phones but leaves behind a long legacy of innovations that are still used in modern devices and are essential to many mobile technologies and standards.
As the new owner of these patents, Catapult IP Innovations will be free to monetise these patents and benefit from any future royalties from their use by third parties. The vehicle will pay $450 million cash and another $150 million in five …
