Priceline.com And IBM Settle Patent Lawsuits
December 28 2017 - 5:28PM
PR Newswire (US)
ARMONK, New York, Dec. 28, 2017 /PRNewswire/ -- 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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