Source: CrackBerry
The legal battles between BackBerry and Facebook which started back in 2018 have run their course and as of yesterday, both parties have agreed to settle.
Although the terms of the deal were not announced, BlackBerry spokeswoman Karen Clyne noted "We have resolved our disputes pursuant to a confidential agreement and have no further comment".
Following the news BlackBerry stock rose as much as 26.8%, making it the second day BlackBerry stock made signifcant gains. Earlier this week, the stock rose as much as 25% following the news of the company selling smartphone patents to Huawei.