Samsung Electronics and Microsoft have settled their contract dispute in U.S. court as well as the ICC arbitration, said both the companies in a joint statement. Back in August last year Microsoft sued Samsung accusing it of breaching a collaboration agreement by initially refusing to make royalty payments after it announced its intention to acquire Nokia’s handset business in September 2013. It claimed that Samsung still owed $6.9 million in interest on more than $1 billion patent in royalties.
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