Wi-LAN settles Bluetooth suit with Texas Instruments

Reuters News
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Posted: Jul 04, 2011 6:59 AM
Wi-LAN settles Bluetooth suit with Texas Instruments

(Reuters) - Canadian patent licensing firm Wi-LAN Inc said it agreed to settle litigation related to Bluetooth technology with chipmaker Texas Instruments for an undisclosed amount.

The company, which holds about 525 wireless technology patents, did not disclose terms of the agreement, including the amount it will get from the settlement.

In February, Wi-LAN Inc agreed to end all litigation with British chipmaker CSR Plc out of court.

Ottawa-based Wi-LAN has signed license deals with a host of companies, including Intel, Apple, Dell and Hewlett Packard.

Shares of the company, which also makes v-chip technology that goes into TV sets, closed on C$7.78 on Thursday on the Toronto Stock Exchange.

(Reporting by Maneesha Tiwari in Bangalore; Editing by Gopakumar Warrier)