BLACKBERRY Ltd (BB): M&A transaction — BlackBerry completes sale of non-core patents to Malikie for $170M cash at close

BLACKBERRY Ltd

Closed sale of ~32,000 non-core patents and applications to Malikie; received $170M in cash at closing.
Entitled to additional $30M cash by third anniversary plus annual royalties from profits on sold patents.
Retained ~2,000 primarily standards-essential patents; existing revenue agreements and customer operations unaffected.
Sale excludes patents supporting core business; no impact on products, solutions, or services.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BLACKBERRY Ltd completed a disposition involving Malikie Innovations Limited for $170 million in cash at closing and is entitled to receive an additional $30 million in cash (closed 2023-05-11).

Action: disposition
Counterparty: Malikie Innovations Limited
Consideration: $170 million in cash at closing and is entitled to receive an additional $30 million in cash
Closing: 2023-05-11

Exact text from the filing

non-core patents and patent applications to Malikie Innovations Limited. Under the terms of the agreement governing the sale (the “Patent Sale Agreement”), the Company received $170 million in cash at closing and is entitled to receive an additional $30 million in cash by no later than the third anniversary of closing, as well as annual cash royalties from the

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

BLACKBERRY Ltd completed a disposition involving Malikie Innovations Limited for $170 million in cash at closing (closed 2023-05-11).

Action: disposition
Counterparty: Malikie Innovations Limited
Consideration: $170 million in cash at closing
Closing: 2023-05-11

Exact text from the filing

non-core patents and patent applications to Malikie Innovations Limited. Under the terms of the agreement governing the sale (the “Patent Sale Agreement”), the Company received $170 million in cash at closing and is entitled to receive an additional $30 million in cash by no later than the third anniversary of closing, as well as annual cash royalties from the

View on SEC.gov

Browse all m&a transactions →

BLACKBERRY Ltd filing history →

Source: SEC EDGAR

accession 0001070235-23-000072

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.