Tags: blackberry | qualcomm | royalty | dispute

BlackBerry Wins $815M in Royalty Dispute with Qualcomm

Image: BlackBerry Wins $815M in Royalty Dispute with Qualcomm
A BlackBerry smartphone is displayed in this illustrative picture taken in Bordeaux, Southwestern France, Aug. 22, 2016. (Regis Duvignau/Reuters/File Photo)

Wednesday, 12 Apr 2017 11:48 AM

BlackBerry Ltd. says it has been awarded $814.9 million in a binding interim arbitration decision in a dispute with Qualcomm Inc. over royalty overpayments.

The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement.

BlackBerry chief executive John Chen said Wednesday in a statement the two companies have a longstanding relationship and continue to be valued partners.

BlackBerry says a final award including interest and reasonable legal fees will be issued after a hearing on May 30.

Qualcomm says while it does not agree with the decision, it is binding and not appealable.

The San Diego-based chip maker says the decision is limited to provisions unique to BlackBerry's license agreement with Qualcomm.

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BlackBerry Ltd. says it has been awarded $814.9 million in a binding interim arbitration decision in a dispute with Qualcomm Inc. over royalty overpayments.
blackberry, qualcomm, royalty, dispute
130
2017-48-12
Wednesday, 12 Apr 2017 11:48 AM
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