BlackBerry seeks other patent sale options as deal with Catapult delayed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

BlackBerry Ltd said on Wednesday it was exploring other options to sell its patents as the planned deal with Catapult IP Innovations Inc was taking longer than usual to close, leading to a loss in exclusivity.

The Canadian company had earlier this year agreed to sell its patents primarily related to mobile devices, messaging and wireless networking for $600 million to the special purpose vehicle.

Catapult is working to secure its required financing, BlackBerry said, adding that it “looks forward” to the completion of the transaction.BlackBerry is scheduled to host its annual shareholders’ meeting on June 22. Once known for its phones with a tiny QWERTY physical keyboard and the BBM instant messaging service, BlackBerry’s core businesses today are cybersecurity and software used by automakers.

 

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

 /  🏆 37. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

MONEY LIVE | Sale of Libstar business falls through | Fin24MONEY LIVE | Sale of Libstar business falls through. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.
Source: Fin24 - 🏆 21. / 63 Read more »