Apple Settles With Creative For $100 Million
Apple and Creative have resolved their legal disputes which started on May 15th of this year when Creative and Apple sued each other claiming patent infringement. According to a joint-press release, Apple will pay Creative $100 million USD to settle all outstanding lawsuits.
"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.