Apple wants Samsung to pay a $40 license fee for every smartphone and tablet it sells after the South Korean company infringed five patents with a number of Galaxy-branded devices.
That’s right… just five patents, $40 for every device. It’s a pretty surprising demand — especially after Apple recently stated that monetary damages were “not an adequate remedy” for Samsung’s patent infringing ways.
Samsung has agreed a patent licensing deal with Ericsson to end an ongoing legal dispute that began back in 2012. The South Korean company will pay royalty costs and an initial licensing fee to gain access to numerous Ericsson patents covering LTE, UMTS, and GSM network standards.
Struggling Kodak has finally agreed to sell its digital imaging patents to Intellectual Ventures and RPX Corporation — two consortiums backed by Apple, Google, Microsoft, and others — for $525 million. Kodak will receive a portion of the money from 12 intellectual property licensees, with each licensee receiving rights to the patents, while another portion will be paid by Intellectual Ventures, which will then acquire the digital imaging patent portfolio, plus the new and existing licenses.