Sony and LG settle patent fight, sign cross-licensing deal

Sony and LG have reached an agreement over a patent battle that involved several consumer electronics devices including televisions, the PlayStation 3 and phones, Reuters reported on Thursday. The two companies have agreed to enter a cross-licensing deal. “LG and Sony recently agreed to drop patent infringement lawsuits against each other,” an LG spokeswoman confirmed. Sony originally filed a complaint with the U.S. International Trade Commission in an attempt to block the sale of several LG phones, including the Rumor Touch. LG fired back and argued that Sony was using its patented Blu-ray technology inside the PlayStation 3.

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