Patent licensing company Wi-Lan and BlackBerry have settled all litigations as they struck a deal. BlackBerry is really ending all previous business feuds as we mentioned a few days ago they have also settled with Kik over the instant messaging service.
Wi-Lan had alleged a few months back that BlackBerry’s PlayBook and a wide range of its smartphones, utilize technology that infringes its patent.
Press Release:
OTTAWA, ONTARIO–(Marketwired – October 09, 2013) – Wi-LAN Inc. (“WiLAN” or the “Company”) (TSX: WIN) (NASDAQ: WILN) today announced that BlackBerry Limited (“BlackBerry”) and WiLAN have reached an agreement to dismiss all pending patent litigations between the companies.
As part of the agreement, BlackBerry has obtained a license to certain patents in suit in Florida. As a result, all litigations between the companies in Florida will be dismissed with prejudice.
In addition, the agreement calls for the dismissal, without prejudice, of all litigation between the companies in Texas. The parties will pursue licensing discussions regarding certain other wireless technologies.
Specific financial terms of the agreement reached are confidential.
BlackBerry seems to come up on top of this one as they have obtained a license to certain patents in suit in Florida. Could they be closing up all their pending legal cases right before the sale of the company? Sure does seem like it.