Microsoft, Samsung settle contract dispute over patent royalties

San Francisco

MICROSOFT and Samsung Electronics Co Ltd have settled a contract dispute over patent royalties, though terms of the settlement are confidential, Microsoft said in a statement on Monday.

Microsoft sued Samsung last year in a federal court in New York, accusing Samsung of breaching a collaboration agreement by initially refusing to make royalty payments after the US company announced its intention to acquire Nokia's handset business in September 2013.