BlackBerry sells mobile patents to patent troll for $600M

BlackBerry has sold a collection of legacy patents covering mobile technologies for $600M, a deal that will likely result in increased legal drama for smartphone producers like Apple in the future.Announced on Monday, BlackBerry has agreed to a patent sale agreement, which has the former smartphone giant handing over its non-core patent assets to Catapult IP Innovations for $600 million. The transaction will grant BlackBerry $450 million in cash and a promissory note for $150 million, as well as a license back for the patents.The collection of patents relate to mobile devices, messaging, and wireless networking IPs. BlackBerry specifically says that the sale will not affect customers using its products or services. Read more...