May 21, 2014,
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Apple and Google have just announced they are calling a cease fire on all patent litigation. According to Bloomberg, the two companies have filed an incredible 20 lawsuits against each other in the US and Europe.
In a joint statement, Apple and Google have agreed to dismiss all the current lawsuits that exist directly between the two companies and “…have also agreed to work together in some areas of patent reform. The agreement does not include a cross licence.”
The latter part of the statement means that both sides are holding onto their intellectual property (IP) rights and not cross-licensing these to the other side. So the potential for further litigation remains a real possibility in the future.
Google inherited a lot of patent litigation actions when it purchased Motorola Mobility that included a portfolio of 17,000 patents for which it paid $12bn in 2012.
In January this year, Google agreed a deal to sell Motorola Mobility to Lenovo for $2.91bn, retaining the patents it acquired in the 2012 deal.
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