Apple will pay Nokia to settle patent suit

Apple will pay Nokia to settle patent suit Nokia and Apple have settled an almost two-year long legal battle over patents with an agreement that will see Apple pay a lump sum and ongoing royalties to the European mobile-phone maker. The financial terms and structure of the contract were not disclosed by Nokia. “We are very pleased to have Apple join the growing number of Nokia licensees,” said Stephen Elop, Nokia’s president and CEO, in a statement. The two companies have been engaged in patent disputes worldwide since October 2009, when Nokia filed a complaint against Apple with the...

Read More