Qualcomm Paying Broadcom $891 Million To Settle Lawsuit
Last week I wrote about how Broadcom made an unsolicited $764 million offer for Emulex. Fortunately for Broadcom, they have won a patent lawsuit which will require Qualcomm to pay them $891 million to settle. The payout will occure over the course of 4 years. This is the second time Qualcomm is being forced to pay Broadcom to settle a lawsuit.
However this settlement will dismiss all of the litigation taking place between both companies which includes all patent infringement claims made by Broadcom. Both companies have also agreed not to sue each other in the future regarding chip products and other services.
[via Reuters]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry