BB - BlackBerry Facebook reportedly in talks to settle litigation; BB +22%

BlackBerry (BB +22.6%) and Facebook (FB +2.1%) are in the process of a global settlement of their disputes, according to media reports. A court filing discloses that the two companies are in advanced talks: "The parties are in the process of implementing a global settlement agreement that will resolve all claims and counterclaims in this action." BlackBerry had sued Facebook in 2018 over patent infringement; that suit covered Facebook's widely used messaging capabilities in the core Facebook app, Instagram and WhatsApp. More litigation followed that year when Facebook sued BlackBerry over its mobile patents, including voice messaging technology as well as mobile delivery of graphics, video and audio. And later Facebook won a review of BlackBerry's photo tag patent, and BlackBerry won a review of a security patent of Facebook's.

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BlackBerry, Facebook reportedly in talks to settle litigation; BB +22%