UK Court Issues Interest Award To InterDigital, Increasing Lenovo's Payment Obligation To $184.9M
Portfolio Pulse from Benzinga Newsdesk
A UK court has ruled that Lenovo must pay interest on the original sum of $138.7 million, increasing its payment obligation to InterDigital to $184.9 million for a license to InterDigital's 3G, 4G, and 5G patents.
June 27, 2023 | 10:01 am
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Lenovo's payment obligation to InterDigital increases to $184.9 million after UK court ruling on interest.
The UK court ruling increases Lenovo's payment obligation to InterDigital, which will negatively impact Lenovo's financial position and cash flow.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lenovo's payment obligation to InterDigital increases to $184.9 million after UK court ruling on interest.
The UK court ruling increases Lenovo's payment obligation to InterDigital, which will negatively impact Lenovo's financial position and cash flow.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
InterDigital's payment from Lenovo increases to $184.9 million after UK court ruling on interest.
The UK court ruling increases Lenovo's payment obligation to InterDigital, which will positively impact InterDigital's revenues and financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100