Tech+IP Announces New BlackBerry Patent Deal to Sell Substantially All of Its Non-Core Patents and Applications

One of the largest PE-backed patent deals announced, despite economic headwinds

Tech+IP, the leading boutique advisory firm focused on advanced technology and intellectual property based in the Washington DC area and Europe ( www.techip.cc ), has been advising BlackBerry Limited (NYSE:BB) (TSX: BB) since the inception of this significant non-core patent transaction, the latest iteration of which was announced by BlackBerry earlier today. https:www.prnewswire.comnews-releasesblackberry-announces-new-patent-sale-transaction-with-leading-patent-monetization-company-for-up-to-900-million-301777185.html

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.

"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."

Elvir Causevic , co-Founder and Managing Director of Tech+IP added: "The uncorrelated nature of IP transactions explains our PE clients' recent interest in IP deals like never before. We believe there is a narrow window for large patent owners to smartly spin-off their legacy IP investments and redeploy that new capital into current technology acquisitions at historically attractive valuations, or into other high-ROI corporate initiatives."

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.

About Us

Tech+IP Advisory, LLC is a boutique advisory firm specializing in advising company management, boards and other stakeholders on how to identify and realize value from their Tech+IP Assets. Headquartered in the Washington DC area with offices in Europe and Taipei , Tech+IP was founded by the former global co-heads of Tech+IP Advisory for leading independent investment bank Houlihan Lokey .

Contacts: Ed Fish : Ed@techip.cc and Elvir Causevic : Elvir@techip.cc

Tech+IP Advisory is a separate and distinct Company from Tech+IP Capital, LLC, a boutique investment bank focused on M&A and financing involving advanced technology companies. Broker dealer FINRA registrations for Tech+IP Capital, LLC principals are provided through GT Securities, Inc. Member FINRA / SIPC

Cision View original content: https://www.prnewswire.com/news-releases/techip-announces-new-blackberry-patent-deal-to-sell-substantially-all-of-its-non-core-patents-and-applications-301777798.html

SOURCE Tech+IP Advisory, LLC

News Provided by PR Newswire via QuoteMedia

BB:CA
The Conversation (0)

How Our Llama Grant Recipients Are Tackling Global Issues

MetaTakeaways

  • Today, we're excited to announce the recipients of the 2023 Llama Impact Grants, who will be awarded $500,000 each to support their use of AI to address pressing social issues.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Meta at UNGA 2024

Meta

Takeaways

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Apple extends its privacy leadership with new updates across its platforms

Private Cloud Compute sets a new standard for privacy in artificial intelligence

Apple® today announced new updates across its platforms that help empower users and keep them in control of their data. Private Cloud Compute extends the industry-leading protections of iPhone® to the cloud, so that users don't have to choose between powerful intelligence grounded in their personal context and strong privacy protections. Apple also raised the bar for privacy with new features, such as locked and hidden apps, aimed at helping users protect sensitive areas of their phones. Apple introduced additional features designed with privacy and security in mind, including categorization in Mail, Messages via satellite, and presenter preview.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple empowers developers and fuels innovation with new tools and resources

Enhancements to Xcode and Swift, combined with new APIs, offer developers expanded capabilities for creating high-quality apps

Apple® today unveiled a suite of innovative new tools and resources designed to enable developers worldwide to create more powerful and efficient apps across all Apple platforms. With Xcode® 16, developers can save time in their development process and get more done thanks to features like Swift® Assist and predictive code completion. New and expanded APIs give developers the tools to advance their apps and introduce exciting features.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

iPadOS 18 introduces powerful new intelligence features and apps designed for Apple Pencil

iPadOS 18 takes iPad to the next level with Apple Intelligence, the introduction of Calculator with Math Notes, new handwriting tools in Notes, additional ways to customize iPad, and more

Apple ® today previewed iPadOS ® 18, a major release that enhances the iPad ® experience, making it more versatile and intelligent than ever. With iPadOS 18, Calculator comes to iPad with Math Notes, along with new handwriting tools in Notes — all designed for Apple Pencil ® . iPad users now have more ways to customize the Home Screen and Control Center, and with iPadOS 18, users receive the biggest redesign of the Photos app to date and new ways to express themselves in Messages.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

macOS Sequoia takes productivity and intelligence on Mac to new heights

The Mac experience gets better than ever with iPhone Mirroring, big updates to Safari, highly anticipated games, and Apple Intelligence to deliver all-new capabilities

Apple® today previewed macOS® Sequoia, the next version of the world's most advanced desktop operating system, bringing entirely new ways of working and transformative intelligence features to Mac®. macOS Sequoia is full of exciting new capabilities, including iPhone® Mirroring, which expands Continuity by enabling full access to and control of iPhone directly from macOS. Safari® gets another big update with the new Highlights feature for effortless information discovery on webpages while browsing. The new Passwords app makes it even easier to access passwords and organize credentials all in one place. Gaming advances with a more immersive experience, as well as a breadth of new titles, including Assassin's Creed Shadows, Frostpunk 2, and more.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×