Priceline.com And IBM Settle Patent Lawsuits
December 28 2017 - 5:19PM
PR Newswire (Canada)
ARMONK, N.Y., Dec. 28, 2017 /CNW/ -- IBM (NYSE: IBM) today
announced it has reached agreement to resolve the patent lawsuit
between IBM and The Priceline Group (NASDAQ: PCLN) pending in
the United States District Court
for Delaware. As part of the confidential settlement, the
parties will obtain patent cross-licenses to each company's
worldwide patent portfolio.
"IBM takes pride in its reputation and track record for
innovation. This agreement further demonstrates the value of
our intellectual property that results from this innovation," said
Dr. William Lafontaine, general
manager of Intellectual Property for IBM. "We are pleased
this matter has been resolved through negotiation and
licensing."
Contact:
Doug Shelton
914-255-8115
doshelton@us.ibm.com
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SOURCE IBM
Copyright 2017 Canada NewsWire
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