Friday, May 26, 2017

Qualcomm To Pay $940M To BlackBerry Limited

San Diego-based Qualcomm has agreed to pay $940M to BlackBerry Limited, in a conclusion of an arbitration case, over overpayment of royalties by BlackBerry to Qualcomm, BlackBerry said on Friday. The agreement comes after an arbitration decision made on April 12th. According to BlackBerry, Qualcomm will pay the full amount of the final award on or before May 31, 2017. The payment comes as a result of overpayments by BlackBerry between 2010 and 2015. The amount is greater than earlier reports of $815M, and includes interest and attorney's fees.

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