from Hacker News

BlackBerry sells patents linked to legacy smartphone business for US$600M

by slantyyz on 1/31/22, 4:01 PM with 1 comments

  • by manuelabeledo on 1/31/22, 9:38 PM

    Good news for patent litigators in Texas.

    On a more serious note, purchases like this are hardly good news for anyone but new patent holders, i.e. "patent trolls". In this particular case, Catapult IP Innovations is a newly formed company, taking $650 million in debt in order to monetize BlackBerry's IP.