Patent deal saga to continue. Another law suit Chen!
An Update on Patent Litigation, the Patent Marketplace, and New Cases Monday, June 5, 2023
PATENT WATCH
Claiming Breach of Contract, Catapult IP Seeks to Unwind BlackBerry’s Patent Sale to Malikie In early May, BlackBerry completed the sale of “substantially all of its non-core patents and patent applications” to Malikie Innovations Limited—a subsidiary of Irish patent monetization firm Key Patent Innovations Limited—for $200M in upfront and guaranteed payments, plus a profit-sharing agreement. The transaction closed roughly 16 months after BlackBerry announced a tentative agreement to sell the same portfolio to York Eggleston’s Catapult IP Innovations Inc.—which is now seeking to compel Malikie to participate in an arbitration against BlackBerry to unwind last month’s transaction.
An Update on Patent Litigation, the Patent Marketplace, and New Cases Monday, June 5, 2023
PATENT WATCH
Claiming Breach of Contract, Catapult IP Seeks to Unwind BlackBerry’s Patent Sale to Malikie In early May, BlackBerry completed the sale of “substantially all of its non-core patents and patent applications” to Malikie Innovations Limited—a subsidiary of Irish patent monetization firm Key Patent Innovations Limited—for $200M in upfront and guaranteed payments, plus a profit-sharing agreement. The transaction closed roughly 16 months after BlackBerry announced a tentative agreement to sell the same portfolio to York Eggleston’s Catapult IP Innovations Inc.—which is now seeking to compel Malikie to participate in an arbitration against BlackBerry to unwind last month’s transaction.