BlackBerry, Qualcomm Decide on Final Amount to Resolve Royalty Dispute

BlackBerry, Qualcomm Decide on Final Amount to Resolve Royalty Dispute

HIGHLIGHTS
Qualcomm has agreed to pay BlackBerry $940 million
The dispute between the two companies started in 2016
Qualcomm is expected to pay the final amount on or before May 31
Canada’s BlackBerry said on Friday that US chipmaker Qualcomm has agreed to pay the software maker $940 million (roughly Rs. 6,068 crores), 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 (roughly Rs. 5,245 crores), 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.

© Thomson Reuters 2017

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Tags: BlackBerry, Qualcomm, Royalty, BlackBerry Qualcomm Dispute, Mobiles, Telecom

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