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Vista and Elliot buy Citrix, Tesla stock surges, BlackBerry to sell patent assets. January 31, 2022 at 10:08 AM ...
In May, BlackBerry said it will continue with the previously announced sale of the patents related to its mobile devices to Malikie Innovations Limited for up to $900 million.
BlackBerry Limited (formerly Research In Motion or RIM for short) is a Canadian software company specializing in cybersecurity. Founded in 1984, it developed the BlackBerry brand of interactive pagers, smartphones, and tablets. The company transitioned to providing software and services and holds critical software application patents.
In February 2005, RIM secretly acquired a software company in order to ensure that a new technology on how to author and then how to distribute mobile applications could be brought to market without encroaching on Nextair's solid patents. The company signs a deal with Nextair's CEO to keep them confidential, and RIM convinces Nextair to accept.
Litigation over patent infringement is part of BlackBerry Chief Executive John Chen's strategy for making money for the company, which has lost market share in the smartphone market it once dominated.
The Blackberry devices were commercially successful, but when Campana tried to license his patents to Research in Motion, they refused to pay a fee. In order to enforce his patents, Campana, along with his attorney, formed a patent holding company , NTP Inc. Campana assigned ownership of the patents to NTP and NTP filed a patent infringement ...