On Friday, Microsoft announced that it had reached a tentative agreement to settle a patent infringement, intellectual property theft, and antitrust lawsuit against the software giant. Under terms of the "agreement in principle," Microsoft will pay Burst.com $60 million and receive non-exclusive access to Burst.com's patent portfolio. "While we were confident of prevailing in this lawsuit, we have been open from the beginning to finding a reasonable way to resolve this case," said Tom Burt, Microsoft corporate vice president and deputy general counsel. "Securing a license to the Burst patent portfolio through this settlement allows us to focus on the continued development and deployment of Windows Media technologies to deliver the ultimate media experience to our partners and customers." Burst.com notes that the settlement validates its claims against Microsoft and proves that its work was both pioneering and innovative.

Posted by GEN-ERIC at 12:25:33 am into the following categories: In The News

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