Apple Begins Paying $2 Billion in Cash to Nokia as Part of Lawsuit Settlement


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nokia disclosed financial results second quarter of 2017 week, , within results company mentioned received "up-front cash payment" of approximately eur1.7 billion ($2 billion), part of said recognized during q2 2017 results. nokiamob reached out nokia, , company confirmed cash payment came apple.

payment part of settlement agreement reached between apple , nokia in may of year, regarding lawsuit began nokia in december 2016. in original lawsuit, nokia sued apple in united states , multiple other countries, complaint stemmed disagreement between 2 companies on licensing fees nokia technology.

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legal battle continued escalate apple responded own antitrust lawsuit against nokia. in apple's claims, company said nokia transferring patents patent holding entities in bid gain additional royalties apple, violating frand (fair, reasonable, , non-discriminatory) deals apple had established nokia.

in settlement news past may, companies agreed multi-year patent license deal, nokia provide "certain network infrastructure products , services" apple, , apple return nokia-owned health products apple retail , online stores.

in regards $2 billion payment apple, nokia said disclose plans money in q3 earnings later year.
far, apple has partially paid $2 billion cash sum nokia, besides finishing payment, apple continue pay royalties company during term of agreement.

article link: apple begins paying $2 billion in cash nokia part of lawsuit settlement
 

wow... apple's paying billions left , right.

if continue way they'll bankrupt pretty soon.
 


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