Apple reaches smartphone patent licensing deal, agrees to pay Japanese company $10 million for rights

Written by Digital News on . Posted in News from the Web

Apple reaches smartphone patent licensing deal, agrees to pay Japanese company $10 million for rights

You can't normally read about IP and the mobile industry without coming across two endlessly warring tech companies -- especially when Apple is involved. But today marks a different sort of patent exchange for Cupertino: a cooperative one. Japan-based Access Corporation, a mobile software provider, has agreed to license its patent portfolio -- acquired from its purchase of PalmSource (yes, that's the company behind Palm OS) -- to Apple, in a deal valued at about 1 billion Yen (roughly $10 million USD). It's not the first deal of this kind for Access' smartphone IP. Back in 2010, Microsoft entered into a similar arrangement that gave it the rights to the same portfolio. The lesson here, kids? Money, it solves everything.

Filed under: Cellphones, Software, Mobile, Apple

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Via:Apple Insider

Source:Macotakara (Translated)

Read more http://www.engadget.com/2013/04/10/apple-reaches-smartphone-patent-licensing-deal/

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