Market Overview

Wi-LAN, HTC Announce Deal to Resolve All Five Pending Litigations

Related WILN
15 Biggest Mid-Day Losers For Tuesday
25 Stocks Moving In Tuesday's Pre-Market Session

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.

Posted-In: News Legal


Related Articles (WILN)

View Comments and Join the Discussion!

Partner Center