BlackBerry awarded $814.9 million in Qualcomm arbitration

Reuters News
Posted: Apr 12, 2017 8:07 AM

(Reuters) - BlackBerry Ltd said on Wednesday Qualcomm Inc was asked to pay the Canadian company about $814.9 million in an interim arbitration decision over royalty overpayments.

The companies in 2016 decided to arbitrate a dispute over Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal.

(Reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj Kalluvila)