Qualcomm was ordered to pay BlackBerry 814,9 million dollars

Qualcomm ordered to pay BlackBerry 814,9 million dollars at the end of the arbitration hearing the issue with the license payment for past sales. The dispute between the companies began in 2016.

Qualcomm has already expressed his disagreement with the decision of the arbitration Commission, but it is mandatory and cannot be challenged.

Final amount, including legal costs will be announced after the next hearing, scheduled for may 30. BlackBerry interests in court are represented by the law firm Sullivan & Cromwell.

According to the analyst company Canaccord Genuity, the payoff will come in handy the BlackBerry, is planning to focus on software development and increase the probability of acquiring a canadian manufacturer another market participant.

Source: Reuters

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Qualcomm

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