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Samsung in Talks to Settle EU Antitrust Case to Avoid Massive Fine

Posted June 25, 2013 at 3:00pm by iClarified · 6154 views
Samsung is in talks with the EU to settle charges that it abused its market position by prevent Apple from using a standards essential patent, reports Reuters.

The European Commission has told Samsung that it is unfairly seeking injunctions against Apple based on the use of essential patents.

"Samsung has been involved in settlement discussions for several months now. Samsung wants to settle," said a source.

It's too early to determine if a settlement will be reached. If it is, Samsung could avoid a finding of wrong doing and a large fine which could reach up to $17.3 billion.

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