The Traderszone Network

Published in TZ Latest News 4 December, 2015 by The TZ Newswire Staff

Samsung to finally pay Apple $548 million in patent dispute

Samsung fought until the bitter end to avoid paying Apple, but the company now says it will finally hand over the more than $548 million it owes for infringing the patents and designs of its biggest smartphone rival. In papers filed in federal court in San Jose, California on Thursday, Samsung Electronics Co Ltd said it will make the payment by Dec. 14 if Apple Inc sends an invoice on Friday. Asked if it had done so, Apple declined to comment on Friday.