Sony and LG Electronics are reported to have settled a patent dispute that had created a total of 24 legal cases between the two companies. Sony had applied to ban the import of certain LG mobile phones into the USA, while LG had responded with a bid to block the import of the PlayStation 3 into Europe.
Apparently both companies have now agreed to cross-license a number of patents that cover mobile phones, digital TV and Blu-ray DVD players.
[Sources: CNET.com; TMCnet.com]