Apple coughing up $5 million to settle patent infringement suit

Apple to spend $ 5 billion to settle a suit by Elan Microelectronics infringes on a patent for multitouch technology, Elan, said today. As part of the agreement, both businesses have also received permission to make use of every and every other s patents, in accordance with Reuters. In April 2009, Taiwan-based Elan filed a complaint against Apple in U. S.  See More..