Tech+IP Advises on $600M Sale of BlackBerry Patents and connected assets

WASHINGTON, Jan. 31, 2022 /PRNewswire/ -- Tech+IP, a boutique advisory company concentrated on superior know-how and patent transactions, based within the Washington DC area and San Francisco, CA (www.techip.cc), served as BlackBerry confined's (NYSE:BB; TSX: BB) exclusive fiscal and transaction guide in reference to a transaction of BlackBerry IP Licensing property right here. 

Tech+IP Advises on the united states$ 600M Sale of BlackBerry Patents and linked property

the united states$ 600M transaction, involving the sale of over 35,000 BlackBerry patents and connected licensing property, is believed to be the biggest such underwritten deal of its form. The acquiring and financing neighborhood includes Washington DC primarily based Catapult improvements, LLC and main Canadian credit score fund Third Eye Capital, amongst others. greater suggestions in regards to the transaction will also be discovered right here.

"This deal reflects the brilliant price of R&D funding made through BlackBerry, from its roots on the university of Waterloo, via an organization which pioneered wirelessly related pagers and smartphones, to becoming the leading cybersecurity business application and services company nowadays," talked about Edmund Fish, co-Founder and Managing Director at Tech+IP. "on the equal time, it also highlights the management and foresight of the BlackBerry Senior crew to remember how these strategic assets may be leveraged to increase BlackBerry's core operating companies, grow shareholder value, and pressure a subsequent wave of Canadian innovation."

Elvir Causevic, co-Founder and Managing Director of Tech+IP added: "At Tech+IP we believe in the price of R&D, invention, and the social advantages that circulate from an innovation economic climate, all of which require a good industry that values IP. we are delighted to have been able to suggest BlackBerry once again in this market-defining inner most fairness backed deal so that it will guide extra cycles of their innovation and increase. we are especially grateful for BlackBerry's lengthy-term partnership, a keystone of our success â€" in 2020 we informed on the sale of its Paratek Antenna belongings and in 2017 we advised the business and Sullivan & Cromwell of their $940M FRAND arbitration award towards Qualcomm."

The group at Tech+IP main the enterprise's illustration of BlackBerry within the transaction additionally blanketed Ryen Hoffman, Bojan Marijanovic, Chuck Fish, Eldin Abaz, Indira Habibovic, and numerous others across all our offices. Sullivan & Cromwell served as prison counsel for BlackBerry, and Shearman Sterling for Tech+IP.

About Us

Tech+IP Advisory, LLC is a boutique advisory company focusing on advising company management, boards and other stakeholders on the way to establish and recognise value from their Tech+IP assets. Headquartered within the Washington DC enviornment with places of work in San Francisco, Taipei and Sarajevo, Tech+IP was centered with the aid of the former global co-heads of Tech+IP Advisory for main unbiased funding financial institution Houlihan Lokey.

Contacts: Elvir Causevic: Elvir@techip.cc and Ed Fish: Ed@techip.cc

Tech+IP Advisory is a separate and distinctive business from Tech+IP Capital, LLC, a boutique funding financial institution concentrated on M&A and financing involving superior know-how agencies. broker dealer FINRA registrations for Tech+IP Capital, LLC principals are offered via GT Securities, Inc. Member FINRA / SIPC

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source Tech+IP Advisory, LLC