Friday 26 May 2017

Qualcomm pays BlackBerry $940 million in royalty spat

Qualcomm hasn't been very successful with its licensing practices. It's gotten into trouble in South Korea for charging phone makers over an "unnecessarily broad set of patents" It has also been dealing with lawsuits from the FTC and Apple for similar tactics. Qualcomm was ordered to pay BlackBerry $815 million in an arbitration settlement last April. BlackBerry announced today that the two companies have reached a final agreement amount of $940 miillion, which includes the original arbitration amount along with interst and attorneys' fees. The release says that Qualcomm will pay the full amount before the end of May.

Source: Blackberry


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