“Following the news earlier this week that Rockstar had reached a $188 million settlement with Cisco, it has now emerged that the NPE has also settled with Google,” Richard Lloyd reports for IAM blog. “According to a court filing in the Eastern District of Texas, the two sides have agreed to a binding term sheet that ‘settles, in principle, all matters in controversy between the two parties.’ This settlement states that agreement was reached on 12th November, the same day as the agreements the NPE reached with Cisco.”
“The news comes amid growing uncertainty over Rockstar’s future. The IAM blog understands that at least some of the five companies that own the NPE are now keen to exit their investment,” Lloyd reports. “They include Apple, which in 2011 contributed $2.6 billion to the total of $4.5 billion the original Rockstar Bidco paid for the Nortel patents the NPE now manages. It is presumed to own the single largest shareholding as a result.”
“The Google and Cisco settlements come amid growing signs that the protracted smartphone wars are drawing to an end. Earlier this year Apple and Google announced that they had agreed to settle all patent litigation between them,” Lloyd reports. “Apple also reached a similar deal with Samsung, covering all cases outside the US.”
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MacDailyNews Take:
An iPhone with a larger screen option will hurt Samsung immeasurably more than myriad, unending traipses through the legal morass. – MacDailyNews, May 2, 2014
Related article:
Cisco preparing to pay $188M to Apple-led Rockstar Consortium – November 20, 2014