Microsoft, Samsung settle contract dispute over patents

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/JZHqLX.SJp1nidzmz0CUBQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2015-02-09T235038Z_1006950001_LYNXMPEB18131_RTROPTP_2_CBUS INESS-US-MICROSOFT-SAMSUNG-ELEC-SETTLEMENT.JPG (http://news.yahoo.com/microsoft-samsung-settle-contract-dispute-over-patents-235038339--finance.html)By Dan Levine SAN FRANCISCO (Reuters) - Microsoft and Samsung Electronics Co Ltd have settled a contract dispute over patent royalties, though terms of the settlement are confidential, Microsoft said in a statement on Monday. Microsoft sued Samsung last year in a federal court in New York, accusing Samsung of breaching a collaboration agreement by initially refusing to make royalty payments after the U.S. company announced its intention to acquire Nokia's handset business in September 2013. The lawsuit claimed Samsung still owed $6.9 million in interest on more than $1 billion in patent royalties it delayed paying.



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