Last week, Finnish mobile phone maker Nokia announced the signing of a patent agreement deal with Canadian handset vendor Research In Motion that resulted in a one-time payment from RIM and ongoing royalty payments for Nokia’s patents.
While specific info on the transaction was not disclosed, a recent filing with the Securities and Exchange Commission unveiled that RIM paid Nokia $65M (€50M) as part of the agreement. RIM recorded the transaction in its consolidated sta... (read more)
