BlackBerry to sell patents related to mobile devices, messaging for $600 million


FILE PHOTO: A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada June 23, 2015. REUTERS/Mark Blinch

(Reuters) - BlackBerry Ltd said on Monday it will sell its legacy patents primarily related to mobile devices, messaging and wireless networking for $600 million to a special purpose vehicle formed to acquire the company's patent assets.

BlackBerry said the transaction with the vehicle, Catapult IP Innovations Inc, will not impact customers' use of its products or services.

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