Enlarge / A Nokia store in Helsinki, Finland, in 2013. (credit: Tomi Setala/Bloomberg via Getty Images)
A litigation brawl between Nokia and Apple over intellectual property has ended just five months after it started.
The companies said today they have settled all outstanding litigation and agreed to a patent license. While exact financial terms are confidential, Apple will be making an up-front cash payment to Nokia, followed by additional payments over the course of the agreement.
“This is a meaningful agreement between Nokia and Apple,” Maria Varsellona, Chief Legal Officer at Nokia, said in a statement. “It moves our relationship with Apple from being adversaries in court to business partners working for the benefit of our customers.”
Read 4 remaining paragraphs | Comments
Source: Ars Technica – Apple and Nokia bury the hatchet