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BlackBerry Sells R&D Facility in Germany
Posted: 04-Jul-2014 [Source: Wall Street Journal]

[Blackberry is selling its Germany R&D facility to Volkswagen.]

Ben Dummett -- "BlackBerry Ltd. agreed to sell a research and development facility in Germany to an arm of Volkswagen AG VOW3.XE -0.29% that makes automobile infotainment systems for an undisclosed amount, the Canadian smartphone maker confirmed Thursday.

As part of the deal, 200 employees at the BlackBerry Product Development Center in Bochum, Germany will join Volkswagen Infotainment GmbH and the German firm will assume the research center's office leases, a BlackBerry spokesman confirmed in an e-mailed statement."



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