Samsung to pay Ericsson $650 million plus royalties to end patent spat: See Our Benefits

It seems like Samsung’s new year resolution for 2014 is to avoid patent disputes and making rounds to the courts.

 See also: Samsung Electronics Announces Fourth Quarter And Full-Year Financial 2013 Results

Perhaps that why, the company after signing a 10 year cross licencing patent deal with Google, the company has signed another $650 million deal with Swedish company Ericsson in addition to royalty fees for years.
The settlement comes two years after Ericsson sued the company for infringing multiple patents. Some of these were related to touchscreen functions and network efficiency. Initially, Samsung had signed a deal with Ericsson all the way back in 2001, which was then renewed in 2007 again. Although, when the time came to renew it again in 2011, Samsung accused Ericsson of way more than what it felt was reasonable.
Well, now that’s settled, we hope Samsung would soon settle its ongoing dispute with Apple as well. After all, no one likes wasting their hard earned cash on lawyers, do they?
Source:gsmarena & reuters

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