BlackBerry, Qualcomm decide on final amount to resolve royalty dispute
Entry posted by Waqas Dar
255 views
LEFT: One of many Qualcomm buildings is shown in San Diego, California, US, on November 3, 2015. REUTERS/Mike Blake/File Photo; RIGHT: A Blackberry smartphone is displayed in this illustrative picture taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau/File PhotoCanada's BlackBerry Ltd said on Friday that US chipmaker Qualcomm Inc has agreed to pay the software maker $940 million, including interest and legal fees, to settle a royalty dispute.
Qualcomm had said in April that it would have to refund BlackBerry $814.9 million, plus interest and attorneys' fees, in an arbitration over royalties for certain past sales.
The dispute between the two companies started in 2016 following Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal.
Qualcomm is expected to pay the final amount on or before May 31, BlackBerry said on Friday.
0
0 Comments
Recommended Comments
There are no comments to display.
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.