Wednesday, June 1, 2022
10:39 AM EST – BlackBerry Limited : Today provided an update on the sale of substantially all of its non-core patent assets to Catapult IP Innovations for total consideration of $600 million. In the fourth quarter of fiscal 2022, BlackBerry announced that it had entered into a patent sale agreement with Catapult for the Patent Sale Transaction and that completion of the transaction is subject to the satisfaction of financing and other closing conditions. BlackBerry also previously announced that closing of the Patent Sale Transaction was expected by the end of the first quarter of fiscal 2023. BlackBerry Limited (T.BB ) shares were down $0.16 at 7.46.
Stocks in Play: BlackBerry Limited, Wed, 01 Jun 2022 10:42:08 EST