HomeNewsBlackBerry to receive $940M in legal settlements from Qualcomm

BlackBerry to receive $940M in legal settlements from Qualcomm

BlackBerry announced today that it has reached an agreement with Qualcomm resolving all amounts payable in connection with the interim arbitration decision announced on April 12, 2017. The arbitration panel has awarded BlackBerry a total of $940M including interest and legal fees, net of royalties due from BlackBerry for last year and the first quarter of 2017.

Qualcomm will pay the full amount of the final award on or before May 31, 2017.

Following a joint stipulation by the parties, the arbitration panel has issued a final award providing for the payment by Qualcomm to BlackBerry of a total amount of US$940 million including interest and attorneys’ fees, net of certain royalties due from BlackBerry for calendar 2016 and the first quarter of calendar 2017.

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