Apple and HTC end patent lawsuits after reaching global settlement

Taiwan's leading smartphone maker HTC yesterday said it has reached a global settlement with technology giant Apple, bringing an end to all outstanding litigation between the two companies.

The deal includes a 10-year licensing agreement over patents, HTC said in a statement.

"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," HTC chief executive Peter Chou said.

Apple chief executive Tim Cook said: "We are glad to have reached a settlement with HTC."

via Business feed http://www.scmp.com/business/companies/article/1080197/apple-and-htc-end-patent-lawsuits-after-reaching-global