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BlackBerry Awarded $815 Million in Arbitration Case Against Qualcomm

BlackberryBlackBerry said Wednesday it has been awarded a preliminary $814.9 million in royalty overpayments made to Qualcomm, according to a CNBC report.

 

“BlackBerry argued that it was overpaying Qualcomm in royalty payments,” writes . “Last April, BlackBerry and Qualcomm entered discussions to settle the dispute and analyze an existing ‘agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the two parties.'”

Apple also has a suit pending against Qualcomm, claiming the company is “withholding nearly $1 billion in payments from Apple as retaliation for responding truthfully to law enforcement agencies investigating them.”

Read the CNBC article.

 

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