BlackBerry Limited (BB): BlackBerry and Facebook Settle Patent La...

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Re: Nelson2 post# 15258

Thursday, 09/23/2021 4:46:04 PM

Thursday, September 23, 2021 4:46:04 PM

BlackBerry and Facebook Settle Patent Lawsuit
JAN 15, 2021 11:25 AM EST

BlackBerry (BB) - Get BlackBerry Limited Report said Friday that it had settled its longstanding patent dispute with Facebook (FB) - Get Facebook, Inc. Class A Report.

Shares of Ontario-based BlackBerry at last check jumped 16% to $10.61. The Menlo Park, Calif., social network was up 2.2% to $250.98.

"We have resolved our disputes pursuant to a confidential agreement and have no further comment," a BlackBerry spokesperson said in an email.

BlackBerry sued Facebook in 2018 in California, charging that the social network and its WhatsApp and Instagram subsidiaries infringed on BlackBerry messaging app patents.

BlackBerry and its BBM system rose to popularity in the mid- to late-2000s.

https://www.thestreet.com/investing/blackberry-settles-patent-lawsuit-filed-against-facebook

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