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BlackBerry Awarded $815 Million in Arbitration Case Against Qualcomm

BlackBerry, the former smartphone maker, was awarded $814.9m in an arbitration decision against Qualcomm over a dispute relating to royalty payments. The two companies entered into arbitration talks in February about Qualcomm’s “agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties,” BlackBerry said in a statement. From a report: BlackBerry argued that it was overpaying Qualcomm in royalty payments. 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.” Despite the dispute, BlackBerry CEO John Chen said Wednesday that the companies “continue to be valued technology partners.” He said BlackBerry will continue to collaborate with Qualcomm, specifically for security in the auto industry and in application-specific integrated circuits.

Read more of this story at Slashdot.

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