clock menu more-arrow no yes

Samsung Finally Agrees to Pay Apple $548 Million, With a Few Caveats

Suit over smartphone patents was filed almost five years ago.

The Verge

Almost five years after Apple originally sued Samsung for infringing smartphone patents, it seems like the South Korean manufacturer is ready to pay up. In a joint court statement from both companies, Samsung has confirmed that it will pay Apple $548 million before December 14th if it receives an invoice from the iPhone-maker before the weekend.

After years of lawsuits and appeals, collecting more than half a billion dollars is a significant win for Apple. But even as Samsung appears to capitulate, it’s trying to claw back some cash. The statement notes that Samsung “continues to reserve all rights to obtain reimbursement from Apple,” although in the same document, Apple disputes these rights.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.