Burst.com and Microsoft reach settlement

By Derek Sooman on March 12, 2005, 12:57 PM
Burst.com Inc., the Santa Rosa, Calif., have reached a settlement with Microsoft in current antitrust litigation against the firm. In a statement, Burst said Microsoft had paid a one-time fee of $60 million for a non-exclusive license to Burst's international patent portfolio.

"While we were confident of prevailing in this lawsuit, we have been open from the beginning to finding a reasonable way to resolve this case. Securing a license to the Burst patent portfolio through this settlement allows us to focus on the continued development and deployment of Windows Media technologies to deliver the ultimate media experience to our partners and customers." - Tom Burt, a corporate vice president and deputy general counsel for Microsoft.

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