WINBROADCOM AND WILAN REACH AGREEMENT TO END LITIGATIONS
Wi-LAN Inc. has signed a memorandum of understanding with Broadcom Corp. which calls for Broadcom to take a multiyear licence to Wi-LAN's patent portfolio and to make a series of payments to Wi-LAN.
The agreement will include the dismissal of all litigations between the companies in the U.S. District Court for the eastern district of Texas. Wi-LAN expects a final definitive agreement to be signed within the next few weeks. Specific financial terms of the agreement reached are confidential.