BlackBerry awarded $814.9m in royalties case against Qualcomm
Stay informed with free updates
Simply sign up to the Companies myFT Digest -- delivered directly to your inbox.
BlackBerry, the former smartphone maker, was awarded $814.9m in an arbitration decision against Qualcomm over a dispute relating to royalty payments.
The two companies entered into arbitration talks in February about Qualcomm’s “agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties,” BlackBerry said in a statement on Wednesday.
The award for BlackBerry will be issued following a hearing on May 30.
“BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners,” said John Chen, BlackBerry’s chief executive.
Comments