Posted by kunalg on 17 October 2013 at 12:34
European Commission's Joaquin Almunia confirmed last month that it didn't look good for Samsung in the antitrust case but the positive thing was the Korean company's willingness to settle it. More details are out and as part of the commitments, Samsung offers to drop all ongoing and future patent-related lawsuits against any company willing to agree to a particular licensing framework.
In case with Apple, if the iPhone maker agrees to the licensing framework, Samsung will "abstain from seeking injunctions for mobile SEPs for a period of five years".
The Commission is currently inviting comments from interested parties and if found fair, the Commission will then make it legally binding on Samsung, which effectively could save Samsung from a hefty $18 billion fine.
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Via sammobile.com
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