On March 21, BlackBerry announced that it had reached an agreement to sell most of its patent portfolio to Malikie Innovations Limited—a subsidiary of Irish patent monetization firm Key Patent Innovations Limited—for $200M in upfront and guaranteed payments, plus a profit sharing agreement. The deal is subject to regulatory approvals, but the Malikie deal is fully financed. This news comes thirteen months after BlackBerry announced a tentative agreement to sell the portfolio to Catapult IP Innovations Inc.