Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
BlackBerry surges 15% after being awarded $814.9 million in Qualcomm arbitration
BlackBerry surges 15% after being awarded $814.9 million in Qualcomm arbitration
Reuters,Nathan McAloneApr 12, 2017, 18:06 IST
BlackBerry said on Wednesday Qualcomm was asked to pay the Canadian company about $814.9 million in an interim arbitration decision over royalty overpayments.
Advertisement
Blackberry's stock surged over 15% in pre-market trading on the news.
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.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
(Reuters reporting by Ahmed Farhatha in Bengaluru; Editing by Sriraj Kalluvila.)