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Apple Settles With Creative For $100 Million
"Creative is very fortunate to have been granted this early patent," said Steve Jobs, Apple's CEO. "This settlement resolves all of our differences with Creative, including the five lawsuits currently pending between the companies, and removes the uncertainty and distraction of prolonged litigation."
The $100 million settlement grants Apple a license to use Creative's patents in all of its products including the iPod. Also announced is that Creative is joining Apple's "Made for iPod" program, and will be introducing an array of iPod accessories later this year.