RIM pays initial sum of $65 million to Nokia in patent settlement
RIM and Nokia settled their differences last week in their ongoing patent case. While originally it was unsure of the actual payment amount, in RIM's 6-K filing to the U.S. Securities and Exchange Commission, it was disclosed that Nokia will be receiving an initial payment of $65 million in addition to "ongoing payments" from RIM for use of the patents. The agreement puts an end to the issues between RIM and Nokia and will allow RIM to continue to use the patents in question while continuing to make royalty payments in the future. The $65M payment was included in RIM's Q3 earnings report last week.
Source: All Things D