Pedram Sameni
Jun 14, 2011

Nokia, Apple settle drawn-out patent dispute -

HELSINKI, Finland -- Nokia Corp. on Tuesday notched a valuable win against rival Apple Inc., with the U.S. company agreeing to pay the Finnish handset maker a one-time sum to settle long-standing patent disputes as well as royalties for current licenses. Espoo-based Nokia ( NOK - news - people ) said that the deal "will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple ( AAPL - news - people ) of their respective complaints to the US International Trade Commission."