Apple Paying Japanese Company $10 Million Over Patent Licensing Deal

Posted on Apr 10 2013 - 8:47pm by Editorial Staff

According to Macotakara – via Apple Insider – the Cupertino-giant Apple has reached an agreement with a Japanese company ACCESS Co. to license its intellectual property, created originally by Palm and PalmSource for $10 million (or a billion yen). Other patents which make it as part of the deal include the one created by Bell Communications Research and Geoworks.

The company known formerly as PalmSource and is now being a part of Japan’s ACCESS and called as ACCESS Systems America. No doubt, the licensing agreements likely to be a key strategic move for Apple while the similar move was earlier also taken by Microsoft by reaching in on an agreement for some of similar patents in late 2010.

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