Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Tech
1-min read

Blackberry Wins $814.9 Million Refund From Qualcomm

U.S.-listed shares of BlackBerry were up about 16 percent at $8.94 in heavy premarket trading. Qualcomm was down about 1 percent at $54.81.


Updated:April 12, 2017, 7:36 PM IST
Blackberry Wins $814.9 Million Refund From Qualcomm
Qualcomm Announces Snapdragon 730, 730G And 665 Mobile Platforms, With Gaming Performance Boost (Representative Image)

Chipmaker Qualcomm Inc said it was asked to refund Canada's BlackBerry Ltd a sum of $814.9 million in an arbitration settlement over royalties for certain past sales.

U.S.-listed shares of BlackBerry were up about 16 percent at $8.94 in heavy premarket trading. Qualcomm was down about 1 percent at $54.81.

The companies in 2016 decided to arbitrate a dispute over Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a licensing deal.

Qualcomm said on Wednesday it does not agree with the decision of an arbitration panel, but the payment is binding and not appealable.

Also read: Narendra Modi Outvotes Donald Trump on Instagram

Qualcomm is also fighting a lawsuit filed by Apple Inc, accusing the company of overcharging for chips and refusing to pay some $1 billion in promised rebates.

The U.S. government has accused Qualcomm of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones.

BlackBerry said a final award including interest and reasonable attorneys' fees will be issued after a hearing on May 30.

Sullivan & Cromwell LLP represented BlackBerry in the proceeding.

Also read: Facebook Messenger Group Payments Feature Added to App

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Sarthak Dogra
Read full article
Next Story
Next Story

Also Watch


Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results