Samsung offers settlement for EU probe on patent lawsuits

By Marc Castro

Sep 28, 2013 10:59 AM EDT

"Last Friday, Samsung Electronics had offered several remedies to assist a current probe conducted by the European Union in determining if the Korean firm had breached antitrust rules. The said violations were said to have been made through the use of patent lawsuits against its main rival Apple.

According to a speech by EU Competition Commissioner Joaquin Almuni, "Samsung has agreed to propose commitments that will be market tested. We hope to concude this case."

The details of the offer were undisclosed and Samsung could not immediately be reached for a comment on the matter. Earlier, Samsung had attempted to enter into a settlement with the European Commission but the antitrust regulatory authority had required more concessions.

Samsung and Apple are deep in dispute regading use of patented technology in at least ten  other countries as they try to wrest leadership in the very lucrative mobile technology market. This Samsung case may help to bring to fore technology patents known as SEPs or standard-essential patents across the market industry.

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics