---
schema_version: "secwatch.filing_event.v1"
accession: "0001070235-23-000072"
form_type: "8-K"
ticker: "BB"
cik: "0001070235"
company_name: "BLACKBERRY Ltd"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:28:39.516969+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BlackBerry completes sale of non-core patents to Malikie for $170M cash at close

## Summary
- 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.

## SEC filing metadata
- accession: 0001070235-23-000072
- form_type: 8-K
- ticker: BB
- cik: 0001070235
- company_name: BLACKBERRY Ltd
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070235/000107023523000072/0001070235-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070235/000107023523000072/bbry-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070235-23-000072
- JSON: https://secwatch.observer/filing/0001070235-23-000072.json
- Plain text: https://secwatch.observer/filing/0001070235-23-000072.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070235/000107023523000072/0001070235-23-000072-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070235/000107023523000072/0001070235-23-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.