Samsung agrees to pay Apple $548 million in settlement
Samsung has been fighting Apple in court for years, but it sounds like it’s getting near to letting it all go. The South Korean electronics maker has agreed to pay Cupertino $548 million — or a little over half the original $1 billion amount the court wanted it to pay — as soon as December 14th to settle an almost five-year-old case. According to Foss Patents, the rivals have filed a joint case management statement shortly after the Court of Appeals denied Samsung’s request for a hearing on whether Apple can ask payment for invalid patents.
Source: FOSS Patents
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