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August 24, 2006

Apple Pays Creative $100 Million to Use Patent; Creative Joins 'Made For

Apple and Creative Technology on Wednesday announced a settlement in their ongoing cross-litigation with the news that Apple will pay US$100 million for a paid-up license to use Creative's patent for an MP3 player interface. However, Apple can recoup a portion of that money if Creative successfully licenses its patent to other companies. Creative also announced that it has joined Apple's "Made for iPod" program and will introduce its own iPod accessories later this

From Apple Pays Creative $100 Million to Use Patent; Creative Joins 'Made For

Posted by Stephen at August 24, 2006 12:38 PM