InterDigital Gains After Settling With Huawei on Patents
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InterDigital Inc. rose the most in almost two months after the mobile-phone design company said it agreed to binding arbitration to resolve a patent dispute with Huawei Technologies Co. that the Chinese company won in the U.S.
Arbitration “will yield what we’ve been seeking all along: a global licensing agreement,” InterDigital Chief Executive Officer William Merritt said in an e-mailed statement today.