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Apple to pay Creative $100M in settlement

“Apple Computer on Wednesday said it reached an out-of-court settlement with Creative Technology, ending all legal disputes between the two companies.

Under the terms of the agreement, Apple will pay Creative $100 million for a paid-up license to use Creative’s recently awarded software interface patent in all Apple products. The iPod maker said it can recoup a portion of its payment if Creative is successful in licensing this patent to other companies”.

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