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BlackBerry, Qualcomm Decide on Final Amount to Resolve Royalty Dispute

By Reuters | Updated: 29 May 2017 09:45 IST
BlackBerry, Qualcomm Decide on Final Amount to Resolve Royalty Dispute
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Highlights
  • Qualcomm has agreed to pay BlackBerry $940 million
  • The dispute between the two companies started in 2016
  • Qualcomm is expected to pay the final amount on or before May 31
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Canada's BlackBerry said on Friday that US chipmaker Qualcomm has agreed to pay the software maker $940 million (roughly Rs. 6,068 crores), including interest and legal fees, to settle a royalty dispute.

Qualcomm had said in April that it would have to refund BlackBerry $814.9 million (roughly Rs. 5,245 crores), plus interest and attorneys' fees, in an arbitration over royalties for certain past sales.

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The dispute between the two companies started in 2016 following Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal.

Qualcomm is expected to pay the final amount on or before May 31, BlackBerry said on Friday.

© Thomson Reuters 2017

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Further reading: BlackBerry, Qualcomm, Royalty, BlackBerry Qualcomm Dispute, Mobiles, Telecom
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