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Qualcomm and Broadcom battles cease in settlement

Well, well, it would appear that the long standing legal wrangling between Qualcomm and Broadcom is finally coming to an end as a prnewswire release reveals.

These two have been at each others throats for ages in the courtrooms pitting lawyer against lawyer, but it appears they have now entered into a settlement along with a multi year patent agreement which will result in the dismissal of all litigation between the two.

The exact terms of the agreement are long and drawn out but apparently Qualcomm will have to shell out some $891 million in hard cash over 4 years. The war may be over but I bet they still aren’t friends.