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Qualcomm to pay BlackBerry $940 million

Staff Writer | May 27, 2017
BlackBerry announced that it has reached an agreement with Qualcomm resolving all amounts payable in connection with the interim arbitration decision announced on April 12, 2017.
Qualcomm
Technology   The arbitration panel has issued a final award
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 $940,000,000.

This is including interest and attorneys' fees, net of certain royalties due from BlackBerry for calendar 2016 and the first quarter of calendar 2017.

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


 

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