January 19, 2011 / 3:28 PM / 7 years ago

Wi-LAN to settle patent litigation with Atheros

BANGALORE (Reuters) - Canadian patent licensing firm Wi-LAN Inc said it signed a memorandum of understanding with Atheros Communications Inc to settle all lawsuits between it and the chip maker for an undisclosed amount.

Wi-LAN said Atheros, which was acquired by Qualcomm Inc, would make a series of payments in exchange for a multi-year license to the company’s patent portfolio.

“Meaningful discussions are continuing with a number of parties in our Texas litigations and Wi-LAN is hopeful that it will reach additional settlements,” said Jim Skippen, chief executive of Wi-LAN.

Wi-LAN expects a final definitive agreement to be signed within the next few weeks.

The Atheros deal marks the second high-profile out-of-court settlement for Ottawa-based Wi-LAN in lawsuits that go back to October 2007.

Intel Corp reached an agreement with the company on Friday, ending all litigation between the companies on Friday.

Shares of Wi-LAN closed at C$6.57 on Wednesday on the Toronto Stock Exchange.

Reporting by Abhiram Nandakumar in Bangalore; Editing by Jarshad Kakkrakandy

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below