While Apple's war of patents against rival and also hardware provider Samsung seem never ending, Apple has amicably settled down its patent disputes with HTC.
Photo: News Tonight
The two companies, which have been locked in a series of bitter patent disputes over the last two years, agreed to a 10-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."
It may be added that recently a UK court ordered Apple to pay the complete legal expenses to Samsung on a lawsuit filed by Apple.
Read more about it at: C|net
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