IAM/Patent transactions in Q2 2023 soared by 345% YOY

The number of US patents and patent applications sold in 2023’s second quarter surged by 345% year-over-year although the number of deals has remained relatively flat, reports Allied Security Trust, a patent defensive organization.

The surge is due to 9,702 US patent assets involved in the BlackBerry sale to Key Patent Innovations, which runs Malikie Innovations. It paid $170 million to close on 11 May – plus $30 million within three years and revenue sharing. This led to 88% of transacted assets coming from the wireless industry category.

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