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Microsoft, Samsung Settle Contract Dispute Over Patents


Ron Burgundy
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File photo of people posing with mobile devices in front of projection of Samsung logo in ZenicaBy Dan Levine SAN FRANCISCO (Reuters) - Microsoft and Samsung Electronics Co Ltd have settled a contract dispute over patent royalties, though terms of the settlement are confidential, Microsoft said in a statement on Monday. Microsoft sued Samsung last year in a federal court in New York, accusing Samsung of breaching a collaboration agreement by initially refusing to make royalty payments after the U.S. company announced its intention to acquire Nokia's handset business in September 2013. The lawsuit claimed Samsung still owed $6.9 million in interest on more than $1 billion in patent royalties it delayed paying.




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