RIM?s Upfront Payment To Nokia In Patent Dispute Settlement Totals $65M

RIM responded to Nokia's request to have its devices removed from sale following a patent decision in the Finnish company's favor by working out a settlement, and now we're beginning to get a sense of the specific terms of said arrangement. AllThingsD has uncovered an SEC filing that details RIM's first lump-sum payments, which amounts to ?50 million (or around $65 million). Following that initial exchange, RIM will have to make royalty payments on the sale of each device.

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