BlackBerry has settled a dispute with Facebook over patent royalties for terms that weren’t disclosed.
“We have resolved our disputes pursuant to a confidential agreement and have no further comment,” BlackBerry spokeswoman Karen Clyne said in an email.
Facebook officials didn’t immediately respond to a query seeking comment.
BlackBerry sued Facebook in 2018, claiming the social media giant was using BlackBerry inventions in its messaging applications. Facebook responded with a successful campaign to challenge BlackBerry patents, and launched its own suit accusing BlackBerry of infringing patents for voice messaging technology.
Facebook’s case against BlackBerry was put on hold last month to allow settlement talks to proceed, though that hold is scheduled to end Friday.
Only last month, Snap won a significant victory in federal appeals court in a patent lawsuit brought by BlackBerry against Snap, Facebook, Twitter, Instagram and WhatsApp.
BlackBerry rose for a second day, and was up 15 per cent to US$10.45 at 10:39 a.m. in New York trading. The stock has risen 58 per cent since the beginning of the year.
