Sony and LG have settled their patent argument. The legal action which was perhaps most noted back in March when a shipment of PlayStation 3s was seized in the Netherlands, has now been put to bed.
Both companies have dropped their suits against each other and LG have said that they have also signed a cross licensing deal with Sony. Sony have declined to make any comment but this surely refreshes LG’s Blu-ray rights deal.
Stock in LG rose by 1.3 percent, against the trends on their home market in Korea. Sony’s stock fell to a two-and-a-half year low in Japan, dropping by a further 2.7 percent, more than their home market’s average decline of 1.5 percent.
That would seem to indicate that investors feel the deal is better for LG than it is for Sony. As gamers, we’re just happy there’ll be no more PS3 seizures!
Source: Reuters Thanks, e8