Research In Motion is making an initial payment of $65 million to Nokia as part of the settlement of the patent dispute between the two companies.
The payment was disclosed in RIM's most recent 6-K filing to the U.S. Securities and Exchange Commission, and was first spotted by All Things D.
RIM and Nokia announced the settlement on December 21, saying that RIM has agreed to make a one-time payment to the Finnish phone maker along with "ongoing payments" for the right to use Nokia's patents. At the time, they did not disclose the value of any of the payments.
RIM's patent payment to Nokia starts at $65M
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RIM's patent payment to Nokia starts at $65M
