LG and Sony Bury the Patent Hatchet, Strike a Deal
LG and Sony have settled a long-running patent dispute between the two companies that has spanned several years. The dispute involved smartphones, as well as TV and Blu-ray technology. The dispute began when the two companies failed to renegotiate a cross-licensing deal in 2008. Sony filed a complaint with the U.S. International Trade Commission seeking to block LG from important certain smartphones. The two companies affirmed that the patent litigation has been dropped, and that a new cross-licensing agreement has been signed, but didn't provide details on the terms.