Catapult IP Innovations bought BlackBerry patents for several hundred million dollars.
BlackBerry was at one point one of the most important companies in the phone segment. However, today the company is just a licensed name and a collection of various patents.
It was a group of such BlackBerry patents that Catapult IP Innovations bought for $ 600 million.
The company raised funds through a $ 450 million loan, with a promise to pay off the remaining $ 150 million in the coming years.
It is interesting that Catapult IP Innovations is a completely new company, without any products for sale. It is possible that the company's plan will be to sue every possible IT company in order to obtain a fee for licensing BlackBerry patents.
As part of this agreement, all BlackBerry patents relating to mobile devices, messaging and wireless networks will become the property of the new company.
Although BlackBerry sells its patents, the company will be granted a license to use them once the agreement is terminated.
