qualcomm-blackberry-940-million

Qualcomm was ordered to pay BlackBerry $815 million in an arbitration settlement last April. BlackBerry announced today that the two companies have reached a final agreement amount of $940 miillion, which includes the original arbitration amount along with interst and attorneys' fees. The release says that Qualcomm will pay the full amount before the end of May. It brought in $286 million in revenue last quarter, making this $940 million settlement a much needed infusion of cash to can help the beleaguered company pivot towards self-driving cars.