Samsung To Pay $650 Million To End Patent Dispute With Ericsson

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Finally Samsung and Ericsson Patent Dispute has ended with a huge settlement cost of 650 Million. As according to the sources Samsung has to pay $650 Million to the dispute along with the “ongoing royalty payments” to end the spat, ongoing since 2012.

Samsung Ericsson Dispute

The decision ends lawsuits at the US International Trade Commission, and came just as a judge was scheduled to release findings in one of the cases.  Ericsson’s chief intellectual property officer Kasim Alfalahi said in the statement, “We are pleased that we could reach a mutually fair and reasonable agreement with Samsung, This agreement allows us to continue to focus on bringing new technology to the global market and provides an incentive to other innovators to share their own ideas.”

So it seems that Samsung is now working to end every dispute.

Additionally, Samsung has signed a cross licensing deal with Google for next 10 years.

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Source: Samsung

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