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Sony Pays Microsoft 20 Million Dollars

71014 MoneyHappiness vl vertical Sony Pays Microsoft 20 Million DollarsAccording to a report by EFluxMedia, in 2003 closed a deal with Immersion concerning business and IP licensing arrangements. According to the terms of the sub-license agreement, was entitled to at least $15 million from any payment over $100 million, plus 25 percent of any amount over $100 million up to $150 million.

Because back in 2002, Immersion filed a lawsuit against Microsoft and Sony over and game controllers, which Microsoft agreed to pay $26 million at the time in order to settle the lawsuit. But, last year Sony was forced to pay to pay a total of $121 million to Immersion.

“We entered into a binding licensing agreement with Immersion and are seeking to have that agreement honored,” - Said Microsoft at the time the arrangements where made.


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