Business Standard

BlackBerry wins $815 mn in dispute with Qualcomm over royalty overpayments

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

BlackBerry wins $815 mn in dispute with Qualcomm over royalty overpayments

APPTI Waterloo
BlackBerry 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 Officer (CEO) John Chen said on 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.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 12 2017 | 11:09 PM IST

Explore News