BlackBerry has announced that it will be selling all of its non-core patent assets to Catapult IP Innovations Inc. for $600 million. Patents include technologies related to mobile devices, messaging, and wireless networking. BlackBerry says that the acquisition will not impact the function of BlackBerry products. The payment consists of a $450 million senior secured term loan and a $150 million promissory note. Additionally, BlackBerry will receive a license back to the patents being sold. The BlackBerry Key2 LE smartphone is the last BlackBerry device released. Source: BlackBerry BlackBerry said that the deal is subjected to regulatory review, which could take up to 210 days. Not a lot is known about the Delaware-registered acquirer, Catapult IP Innovations, aside from it being specifically formed to acquire BlackBerry patent assets. Currently, OnwardMobility is the licensee of BlackBerry smartphones.