RIM Pays Visto $267.5 Million to Settle Lawsuit - Henry Blodget

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RIM Pays Visto $267.5 Million to Settle Lawsuit
Jul 16, 2009 02:34 PM UTC

Henry Blodget

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Via Silicon Alley Insider:

Research In Motion (RIM) will pay $267.5 million to settle a patent infringement lawsuit brought on by Visto Corp., Bloomberg reports.

In exchange, RIM will get a perpetual and fully-paid license on all Visto patents and certain intellectual property.

According to Bloomberg, Visto's lawsuit alleged RIM was illegaly using its technology. RIM claimed that Visto's patents contained no new inventions.

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