* Says terms of the agreement are confidential
* Says settlement will end all litigations with Atheros
Jan 19 (Reuters) - Canadian patent licensing firm Wi-LAN Inc said it signed a memorandum of understanding with Atheros Communications Inc to settle all lawsuits between it and the chip maker for an undisclosed amount.
Wi-LAN said Atheros, which was acquired by Qualcomm Inc , would make a series of payments in exchange for a multi-year license to the company's patent portfolio.
'Meaningful discussions are continuing with a number of parties in our Texas litigations and Wi-LAN is hopeful that it will reach additional settlements,' said Jim Skippen, chief executive of Wi-LAN.
Wi-LAN expects a final definitive agreement to be signed within the next few weeks.
The Atheros deal marks the second high-profile out-of-court settlement for Ottawa-based Wi-LAN in lawsuits that go back to October 2007.
Intel Corp reached an agreement with the company on Friday, ending all litigation between the companies on Friday.
Shares of Wi-LAN closed at C$6.57 on Wednesday on the Toronto Stock Exchange.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: WILAN/ (abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Says settlement will end all litigations with Atheros
Jan 19 (Reuters) - Canadian patent licensing firm Wi-LAN Inc said it signed a memorandum of understanding with Atheros Communications Inc to settle all lawsuits between it and the chip maker for an undisclosed amount.
Wi-LAN said Atheros, which was acquired by Qualcomm Inc , would make a series of payments in exchange for a multi-year license to the company's patent portfolio.
'Meaningful discussions are continuing with a number of parties in our Texas litigations and Wi-LAN is hopeful that it will reach additional settlements,' said Jim Skippen, chief executive of Wi-LAN.
Wi-LAN expects a final definitive agreement to be signed within the next few weeks.
The Atheros deal marks the second high-profile out-of-court settlement for Ottawa-based Wi-LAN in lawsuits that go back to October 2007.
Intel Corp reached an agreement with the company on Friday, ending all litigation between the companies on Friday.
Shares of Wi-LAN closed at C$6.57 on Wednesday on the Toronto Stock Exchange.
(Reporting by Abhiram Nandakumar in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: WILAN/ (abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.