Microsoft settles GPS patent suit with TomTom

Microsoft and TomTom have both sued each other over alleged patent infringement in car navigation GPS systems. The companies have now reach a five-year agreement. Under the terms, TomTom will pay to license eight patents, while Microsoft will be able to use four TomTom patents without any payment. Microsoft said in a written statement, “We are pleased TomTom has chosen to resolve the litigation amicably by entering into a patent agreement,”


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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to hercules@business2press.com
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