You are here: Home » International » News » Companies
Business Standard

Apple paid Nokia $2 bn in cash to settle a long-running patent dispute

Lawsuit covered 32 patents, including display, user interface, software and video-coding technology

IANS  |  San Francisco 

Apple paid Nokia $2bn as part lawsuit settlement

After a patents row that escalated between and in December last year and was settled in May, has received a $2 billion upfront payment from Cupertino-based tech company as part of the settlement terms.

According to a report in TechCrunch on Friday, will not get $2 billion every quarter -- this was non-recurring catch-up revenue and hasn't said what it plans to do with all this

The spat began last year when the tech giants locked horns over patents, with filing an anti-trust against third-party Patent Assertion Entities (PAEs) that act on Nokia's behalf, and the Finland-based firm suing directly.

According to the Cupertino-based tech giant, was conspiring with PAEs patent assertion entities (Acacia Research and Conversant Property Management) in an "illegal patent transfer scheme" to wring money out of because Nokia's cell phone business was failing.

also filed a suit directly against in Europe and the US, claiming the company was still infringing on patents.

The covered 32 patents, including display, user interface, software and video-coding technology.

Amid the escalating patents row with Finnish smartphone maker Nokia, had also pulled all products made by Withings — a French company and now a subsidiary — from Stores, be it online or retail.

First Published: Sat, July 29 2017. 13:50 IST
RECOMMENDED FOR YOU