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Microsoft and Burst.com Settle Outstanding Litigation and Enter Into Licensing Agreement | |
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| Time: 14:05 EST/19:05 GMT | News Source: Microsoft Press Release | Posted By: Jonathan Tigner | ||
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Microsoft Corporation (NASDAQ: MSFT) and Burst.com, Inc. (OTC: BRST) today announced that the two companies have reached an agreement in principle resolving all claims in Burst’s lawsuit against Microsoft. Microsoft will pay $60 million to Burst for the settlement of all claims and for a non-exclusive license (without sub-license rights) to Burst’s patent portfolio. Burst’s lawsuit, originally filed in June of 2002, asserted patent, trade secret and antitrust claims. | ||
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