Samsung to pay $650 million plus royalties as part of settlement

Ericsson's ongoing patent dispute with Samsung has ended with an agreement on licensing terms as part of a multimillion dollar settlement, the former has announced. Ericsson says Samsung will pay around $650 million plus "ongoing royalty payments" to end the spat, ongoing since 2012, which relates to cellular networking and touchscreen technologies. Full details of the settlement are to remain confidential, but Ericsson says the agreement covers "a new multi-year license agreement" and "ends all ongoing patent related legal disputes" between the two.

The announcement comes just hours after Samsung reached a ten-year cross-licensing agreement with Google. Meanwhile Samsung remains locked in legal combat with bitter rival Apple, with the next trial set to begin in March.

Source: Ericsson; via: Reuters