Business
RIM, Visto settle patent suit
Research and Motion and Visto said Thursday that they have settled all outstanding patent lawsuits for $267.5 million.
![larry-dignan-eic.jpg](https://www.zdnet.com/a/img/resize/ad5eaccb545ef683588243a9891d5f678df042df/2017/04/26/eb462fe7-e39e-43ba-abbd-c4ca2442306e/larry-dignan-eic.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
Research and Motion and Visto said Thursday that they have settled all outstanding patent lawsuits for $267.5 million.
Under the agreement (statement), RIM gets a perpetual license on all Visto patents and intellectual property. Visto gets a one-time payment of $267.5 million.
The deal is expected to close July 20. RIM said it will be a charge against its fiscal second quarter earnings. Visto is the parent company of Good Technology.