InterDigital, Inc. Soars After Signing Patent Deal With Samsung

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InterDigital, Inc. Soars After Signing Patent Deal With Samsung
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Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) and InterDigital, Inc. (NASDAQ:IDCC) have signed a patent license agreement Tuesday, and the deal includes dropping all active and pending litigation against each other.

The terms of the deal were not disclosed. The royalty-bearing license agreement sets forth terms covering the sale by Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) of 3G, 4G and certain future generation wireless products.

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InterDigital’s suit against Samsung

It may be recalled,