Apple Paid Nokia $2 Billion To Escape Fight Over Old Patents (theverge.com)

An anonymous reader shares a report: Apple's latest patent spat with Nokia resulted in a $2 billion up-front payment from the iPhone maker, a colossal sum that seems to indicate Apple was eager to avoid a protracted and ugly dispute that could rival the one it had with Samsung. The new details of the settlement, which was first announced back in May without the disclosure of a financial amount or the new licensing terms, were spotted in Nokia's second quarter earnings release. "We got a substantial upfront cash payment of $2 billion from Apple, strengthening further our cash position. As said earlier, our plans is to provide more details on the intended use of cash in conjunction with our Q3 earnings," reads the official transcript of Nokia's quarterly earnings call with investors yesterday. Neither Nokia nor Apple have disclosed the terms of the new licensing deal, including whether it involves recurring payments or how many years it will be in place.

Comments

Re:Evolution is intellectual fraud

[NotQuiteReal]

I was having lunch with God (in Tokyo). We were having bacon cheeseburgers, and he snorted milkshake out of his nose when I showed him this post.

Pay someone.

[msauve]

"...our plans is to... " reads the official transcript...

With $2,000,000,000, they should be able to pay someone who can write in English.

Re:Pay someone.

[aliquis]

Nokia is in Finland.

I know. And I'm in Sweden.

The point was that Finnish people native tongue isn't English, it's Finnish.
But as Sweden and Finland has been the same country for 700 years time Sweden has played a major role in the developing of their society and even though we're split they still have mandatory Swedish over there. So all Finns learn Swedish.

So, add it all together and the idea of my post was that for $2 billion I was willing to learn Finnish to understand them, and to mention that they have already learned my language so.. it seem kinda fair. Right? Though I would assume I would have a very hard time to learn it.

Re: Pay someone.

[nonicknameavailable]

That most finns don't care about

Re:Two billion; or, as Tim Cook calls it...

[Zontar The Mindless]

It's a *fact* that Apple's sitting on a huge pile of money. Acknowledging this *fact* does not entail a value judgement, any more than acknowledging the *fact* that Hitler very nearly conquered Europe does not imply admiration for him in any size, shape, or form.

Thanks for this opportunity to Godwin the thread.

Re:Two billion; or, as Tim Cook calls it...

[TheRaven64]

Don't be silly. They'll pay this out of money sitting in the US, so that they can report a $2bn loss, which should nicely offset a big chunk of tax. It's only money coming in that you don't want to put on your books in the US, money going out always comes from the jurisdictions with the highest tax rates.