Friday, October 17, 2008

Qualcomm To Get $2.3B From Nokia Over Patents

San Diego-based Qualcomm is set to receive $2.3B (1.7 Euros) in a patent licensing deal with Nokia, Nokia disclosed quietly in its third quarter results this week. The firms, which had been battling over patent infringement lawsuits, reached an agreement in July to give Nokia a license to use Qualcomm's patents, but had not disclosed financial terms of the deal.

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