Samsung and Microsoft settle their royalties-related dispute
The legal battle between Microsoft and Samsung over Android patent royalties has started about six months ago and it looks like everything has just become a thing of the past.
The whole story began with a seven-year deal signed back in 2011 that offered Samsung's Android handsets patent protection from Microsoft in exchange of over $1 billion a year. Once Microsoft took over Nokia's Devices division, Samsung considered it a violation of the agreement and stopped payments.
"Samsung and Microsoft are pleased to announce that they have ended their contract dispute in U.S. court as well as the ICC arbitration. Terms of the agreement are confidential," reads a post published on both Samsung's and Microsoft's official blogs that is signed by Jaewan Chi and David Howard.
According to an official statement coming from Microsoft back in 2013, more than 50 percent of Android OEMs signed deals with the Redmond giant, pushing the company's Android patent-related earnings all the way up to $2 billion a year.