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BlackBerry plans to sell patents related to its mobile devices for up to $900 million
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Malikie Innovations Ltd will purchase the patents and pay $170 million in cash on the deal's closing
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BlackBerry will receive annual cash royalties from the profits earned from the patents, including messaging and wireless networking technologies
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Malikie Innovations is a newly established entity of Key Patent Innovations Ltd, an intellectual property monetization company
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BlackBerry decided to explore other options to sell its patents after the deal with Catapult IP Innovations Inc fell through, resulting in a loss of exclusivity
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BlackBerry's primary business today is cybersecurity and software used by automobile manufacturers, as it discontinued its smartphone services due to market share loss to Apple and Android devices