Tech+IP Announces New BlackBerry Patent Deal to Sell Substantially All of Its Non-Core Patents and Applications
Retrieved on:
Tuesday, March 21, 2023
"While those in the industry know this process has been running for some time, stated Ed Fish, co-Founder and Managing Director of Tech+IP Advisory, what is noteworthy is the quality of these patents -- important to many markets but non-core to BlackBerry's business – and the robust, long-term process we spearheaded with the internal BlackBerry team that was able to withstand the serial shocks of the war in Ukraine, post-COVID disruptions, inflation, and a significant uncertainty regarding liquidity in the markets capped by prominent U.S. and global bank failures."
Key Points:
- https://www.prnewswire.com/news-releases/blackberry-announces-new-patent...
The deal includes close to 32,000 patents and applications relating primarily to mobile devices, messaging and wireless networking and excludes patents and applications that are necessary to support BlackBerry's current core business operations and a set of non-core patent families relating to mobile devices, primarily standards essential patents. - The newly announced deal needs to obtain Canadian and U.S. regulatory approvals.
- The team at Tech+IP leading the firm's advisory role for BlackBerry also included Bojan Marijanovic, Adi Hrustanovic, Chuck Fish and numerous others.
- Sullivan & Cromwell served as legal counsel for BlackBerry, and Shearman Sterling for Tech+IP' in its first fairness opinion portion of the work.