Apple and Samsung are moving towards a negotiated settlement in their long-running patent battle, reports suggest.
An anonymous source, involved in the talks, says an end could finally be in sight after years of courtroom drama.
“Samsung has recently resumed working-level discussions with Apple and the key issue is how to dismiss all lawsuits,” said the insider.
“Some more time will be needed to fix terms of details such as royalty payments in return for using patents owned by each before reaching a full agreement."
It’s believed that a US court's recent decision to find against Apple for infringing some older patents has acted as a catalyst for the planned deal.
Apple was ordered to pay a small sum, while Samsung was told to hand over a far heftier $120 million for breaching Cupertino’s intellectual property.
This is not the first time an out-of-court settlement has been mooted. Earlier this year it was reported the two companies’ CEOs had sat down to thrash out a deal, only for talks to end without agreement.
The Korea Times
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