Apple to pay $100 mln to Creative in settlement

Apple Computer said it will pay $100 million to Creative Technology to settle all patent litigation over Apple's popular iPod music player. The agreement gives Apple a license to use a Creative patent in its music player and other products, Apple said. Steve Jobs said the agreement ends five lawsuits between the companies "and removes the uncertainty and distraction of prolonged litigation." "Creative is very fortunate to have been granted this early patent," Jobs added.

Creative said it would take part in the "Made for iPod" program and was "very excited about this new market opportunity" for its speaker systems, recently introduced line of earphones and headphones, and a future line-up of X-Fi audio enhancement products.

(2006-08-24 12:52:34 SGT) [Biz] Permalink

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