Apple and Qualcomm are ending their legal battles

 

The years-long legal battle between Apple and Qualcomm appears to be coming to an end.

The two companies have just announced a settlement, with both agreeing to drop all litigation with the other worldwide.

Exact details of the agreement are under wraps, with the two companies only disclosing:

  • A payment (amount undisclosed) is being made from Apple to Qualcomm
  • The two companies are establishing a six-year licensing agreement (with the option to extend by up to two years), and a “multiyear” chipset supply agreement

Qualcomm stock spiked by about 18% with the news.

Story developing…

This post was originally posted at http://feedproxy.google.com/~r/Techcrunch/~3/r96zMzoqqFU/.

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