Samsung and Apple to attempt litigation settlement

Posted Dec 30, 2013

Samsung and Apple has been spending a lot of money on litigation against each other. The patent battle has been going on for the last few years and there does not seem to be any end to their battle. Now the two companies reportedly want to hash out some kind of royalties agreement that would end all of their litigation, according to officials with the Korea Fair Trade Commission.

The talks are currently at the “working-level” stage and the companies are looking at reducing differences in regards to royalty payments. American and European antitrust watchdogs are also helping Korean regulators on the deal.

Apple CEO Tim Cook and Samsung head Choi Gee-sung attempted to make an agreement last year. The talks during those 17 hours failed though. Since then, Apple won a major patent infringement case in the U.S., which could award Apple $890 million.

Apple and Samsung both believe that the other company is being unfair in terms of the dollar values that they want to place in the overall settlement. Samsung has an interest in entering a cross-licensing deal with Apple. However, it is believed that Apple is asking Samsung to pay over $30 for every device that is in violation of patents.

[Source: Korea Times/CNET]