Qualcomm to Pay Broadcom $891M to Settle Patent Suits
Apr 26, 2009, 9:00 PM by Eric M. Zeman
Today Qualcomm and Broadcom announced that Qualcomm will pay Broadcom a sum of $891 million to settle the on-going patent disputes over a number of different wireless technologies. The sum, which will be paid in installments over the next four years, settles all the litigation between the two companies. Both companies have also agreed to license portions of their patent portfolios to one another as part of the settlement. The settlement marks the end of lawsuits between the two companies over wireless patents.
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