- BlackBerry (BBRY) announces an agreement with Qualcomm (QCOM) resolving an interim arbitration decision announced last month. The arbitration panel has awarded BlackBerry a total of $940M including interest and legal fees, net of royalties due from BlackBerry for last year and the first quarter of 2017.
- The arbitration began last spring with BlackBerry claiming the company had overpaid royalties to Qualcomm. Qualcomm must pay the full award amount by May 31.
- BlackBerry shares are up 0.62% premarket.
- Qualcomm shares are down 0.62% premarket.