Canada’s BlackBerry mentioned on Friday that US chipmaker Qualcomm has agreed to pay the software program maker $940 million (roughly Rs. 6,068 crores), together with curiosity and authorized charges, to settle a royalty dispute.
Qualcomm had said in April that it must refund BlackBerry $814.9 million (roughly Rs. 5,245 crores), plus curiosity and attorneys’ charges, in an arbitration over royalties for sure previous gross sales.
The dispute between the 2 corporations began in 2016 following Qualcomm’s settlement to cap sure royalties utilized to funds made by BlackBerry below a licensing deal.
Qualcomm is predicted to pay the ultimate quantity on or earlier than Could 31, BlackBerry mentioned on Friday.
© Thomson Reuters 2017
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