YouMobile on Facebook YouMobile on Google+ Follow YouMobile on Twitter

Microsoft sues Samsung for $6.9 Million interest on $1 billion

4 October, 2014 Microsoft

samsung vs. microsoft

 

Microsoft is suing Samsung for $6.9 million, which the software giant says is unpaid interest that is owed to it by Samsung. The latter apparently felt that Microsoft's purchase of Nokia's Devices and Services unit was a breach of contract. The contract called for Microsoft to be paid a royalty for each Android phone and tablet produced by the Korean manufacturer over the course of a year.

 

Samsung Microsoft

 

While Samsung did eventually pay the $1 billion it owed Microsoft last year, the crew in Redmond said that the payment was late, and as a result it is owed the $6.9 million in interest on the $1 billion. The deal was agreed to back in 2011 and runs for seven years. It also includes a cross-licensing pact between the two firms.

 

 

Source

 


Please Follow Our Community Guidelines or your comments will get deleted or blocked
Description

youmobileorg
Posts: 3784





© 2015 YouMobile Inc. All rights reserved