BlackBerry has recently announced entering into a patent sale agreement with Catapult IP Innovations Inc., a Delaware company. BlackBerry has agreed to sell all of its non-core patent assets to Catapult for a total of USD 600 million. According to BlackBerry, Catapult is a special purpose vehicle formed to acquire its patent assets. Catapult’s principal funding for the acquisition will be a USD 450 million senior secured term loan, for which it has received USD 400 million of conditional commitments from a lending syndicate led by Toronto-based Third Eye Capital that includes a Canadian pension fund. Read more in our articles including "BlackBerry to sell legacy patents for USD 600M" and "BIR opens Tax Payer Portal".
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Apr 2, 2026BlackBerry has recently announced entering into a patent sale agreement with Catapult IP Innovations Inc., a Delaware company. BlackBerry has agreed to sell all of its non-core patent assets to Catapult for a total of USD 600 million.
According to BlackBerry, Catapult is a special purpose vehicle formed to acquire its patent assets. Catapult’s principal funding for the acquisition will be a USD 450 million senior secured term loan, for which it has received USD 400 million of conditional commitments from a lending syndicate led by Toronto-based Third Eye Capital that includes a Canadian pension fund.
Our coverage of Catapult IP Innovations includes: "BlackBerry to sell legacy patents for USD 600M"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.