Wi-LAN, HTC Announce Deal to Resolve All Five Pending Litigations
Wi-LAN Inc. (NASDAQ: WILN) today announced that HTC Corporation ("HTC") and WiLAN have signed a binding memorandum of understanding in which HTC has agreed to enter into a multi-year license to certain WiLAN patents for mobile handsets and tablets sold within the United States. As part of the agreement, all five of the pending litigations between HTC and WiLAN will be resolved.
WiLAN expects a definitive agreement to be executed by the end of October 2013. Specific financial terms of the agreement reached are confidential.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.