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No end to the BB patent sale

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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

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Catapult IP asks same court that ruled in BlackBerry NTP case to invalidate sale to Dublin buyer legacy smartphone patents is trying to unwind the subsequent sale by the Canadian corporation to another purchaser and get a second chance to buy the intellectual property. Catapult IP Innovations Inc. on Tuesday filed a complaint against Malikie Innovations in the U.S. District Court for the