Samsung, Apple Reportedly Trying to Hammer Out Patent Deal

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Tired of the seemingly endless patent battle between Apple and Samsung? You may not be alone there, as the two companies have reportedly resumed talks to strike a deal, which would effectively end the ongoing legal tussle that we've heard so much about. This little tidbit of information comes from The Korea Times, which spoke to an unnamed official with South Korea's Fair Trade Commission (not to be confused with the Federal Trade Commission here in the US). "As far as I know, the companies recently resumed working-level discussions toward the signing of a potential deal," this official said. "They are in the process of narrowing differences over royalty payments."

This won't be the first time the two companies have met in an attempt to work out a deal. Last year, the CEOs of both companies met to discuss a potential deal, but those talks fell apart when Samsung said it wouldn't accept Apple's requests for royalties and held firm. We can't imagine that either Samsung or Apple will be thrilled by what the other has in mind, the Korea Times does say that Samsung wants to come to some sort of cross-licensing agreement. Samsung would like access to all of Apple's patents, but the roadblock here might be Apple's desire to net a $30 royalty on every device Samsung sells. According to anonymous source close to Samsung, Apple's price is too high, so all we may get here is just another round of the same old back and forth.

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Still, yet another unnamed Samsung source says that executive Shin Jong-kyun will be heading to the US in early 2014 to hash it out with Apple CEO Tim Cook. The FTC official says that Apple has made an attempt at being flexible with its terms, so a potential settlement between the two may not be as hopeless as it initially sounds. Both companies are supposed to have settlement proposals to Judge Lucy Koh by January 8, so if talks go well, it may not be long before the two end their years-long court battle.

That, of course, is being optimistic. The legal counsel for both companies have been duking it out in a no-holds-barred courtroom brawl, so we wouldn't be surprised if the animosity between the two causes talks to stall yet again. At the end of the day, however, Samsung and Apple are out to get a fair deal from this lawsuit, so if a compromise that satisfies both parties is drafted, we're sure they'd both gladly call off the patent battle. Stay tuned.