Via Reuters.com

Samsung made the following statement –

““Samsung and Microsoft are pleased to announce that they have ended their contract dispute in U.S. court as well as the ICC arbitration. Terms of the agreement are confidential.” – Samsung’s Jaewan Chi, Executive Vice President and Global Legal Affairs & Compliance Team and Microsoft’s David Howard, Corporate Vice President and Deputy General Counsel.”

This is good news for everybody. Maybe Samsung’s declining profits have helped focus its decisions in saving money but not lining lawyers pockets.