Burst.com, RealNetworks Settle Patent Spat

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Burst.com, RealNetworks Settle Patent Spat

posted on May 10, 2008 06:59AM

Burst.com, RealNetworks Settle Patent Spat

Portfolio Media, New York (May 9, 2008)--RealNetworks Inc. and Burst.com Inc. have reached a settlement pact in a suit involving patents that Microsoft Corp. and Apple Inc. licensed from Burst for a total of $70 million in two separate settlements.

Under the deal, RealNetworks will pay Burst $533,500 in exchange for a license to a subset of the Burst patents, Burst said Thursday. The deal settles “all differences” between Burst and RealNetworks, Burst added....