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Samsung to possibly settle in EU antitrust case over use of patents against Apple

Samsung looking to settle EU antitrust case in lieu of paying $17.3 billion in fines

| Business, Financial & Legal News | Posted: Jun 25, 2013 4:08 pm

Reuters is reporting this morning that Samsung is in preliminary discussions with European Union regulators regarding a possible settlement that relates to charges that it abused its market dominance when it blocked Apple from fairly using their patents in various ongoing lawsuits. This news comes from sources who are said to be close to the matter but declined to have their identity disclosed.

 

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"The talks came after the European Commission, which acts as EU competition regulator, told Samsung in December that it was acting unfairly by seeking injunctions against Apple over use of the essential patents. Samsung has been involved in settlement discussions for several months now. Samsung wants to settle," said one of the sources, who declined to be identified because of the sensitivity of the matter.

 

If Samsung does settle the case, the company could avoid fines as high as $17.3 billion . On the flipside, it would have to agree to license patents on fair terms, which could impact many of the company's current cases related to the European Union's 3G UMTS standard.

NEWS SOURCES:Reuters.com

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