HTC and Apple have announced a global settlement that includes the dismissal of all current lawsuits and a ten-year license agreement.
The license extends to current and future patents held by both parties. The terms of the settlement are confidential.
“HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation,” said Peter Chou, CEO of HTC.
“We are glad to have reached a settlement with HTC,” said Tim Cook, CEO of Apple. “We will continue to stay laser focused on product innovation.”
AllThingsD notes that HTC does not expect the agreement to have an "adverse material impact" on its financials. Thus, it appears the amount the company is paying is relatively cheap.