Qualcomm Must Pay BlackBerry $940M to Settle Royalty Spat
BlackBerry today announced the final award in an arbitration case between it and Qualcomm that was tentatively settled in April. Qualcomm must repay BlackBerry of a total amount of $940 million, including interest and attorneys' fees -- a number that's $125 million more than the original award announced last month. The two were disputing "whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties." The binding arbitration settlement determined that Qualcomm's agreement did in fact apply to such payments, resulting in BlackBerry paying Qualcomm too much money over several years' time. The agreement is final and Qualcomm cannot appeal. Qualcomm will make the full $940 million payment May 31.
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