Apple and HTC announced a wide-reaching patent licensing agreement this evening that includes settlement of all current litigation between the 2 companies.
The 2 companies, which have been locked in a series of bitter patent disputes over the last 2 years, agreed to a 10Ten-year joint licensing agreement for all current and future patents from both companies, according to a brief statement issued this evening. Financial terms of the settlement were not released.
The chief executives of both companies issued statements welcoming the settlement.
“We are glad to have reached a settlement with HTC,” Apple CEO Tim Cook said in a statement, while HTC CEO Peter Chou said, “HTC is pleased to have resolved its dispute with Apple.”