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Creative Technology unit settles lawsuit with Apple
CREATIVE Technology said on Friday its wholly owned subsidiary ZiiLabs Inc has entered into an agreement with Apple to settle its patent infringement lawsuit filed in the United States against Apple in March 2014.
As part of the agreement, Apple will take a licence for ZiiLabs' patents. Creative expects the licence payment will contribute approximately US$0.23 of earnings per share to the current quarter ending Dec 31, 2015.