LG, Sony drop patent infringement lawsuits, strike cross-licensing agreement
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The testy patent battle between LG and Sony has finally come to an end, now that the companies have decided to lay down their arms and call a truce. In a statement issued today, an LG spokeswoman declared that the two parties have "agreed to drop patent infringement lawsuits against each other," adding that they've struck a cross-licensing deal on the TVs, smartphones and other gadgets in question. A Sony representative confirmed this, but did not offer further details. »read more
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