Nielsen Co. and comScore have reached a settlement over patent disputes related to the measurement and display of online content.
The companies, which provide web analytics and measurements, will enter into a cross-licensing agreement for online measurement tools as part of the settlement. Reston-based comScore will receive ownership of four Nielsen families of patents and, in turn, Nielsen will have licenses for four comScore patents.
Nielsen, based in New York, has acquired $19 million in comScore restricted stock without voting privileges, which Nielsen has agreed to hold for a minimum of one year.
In addition, both parties have agreed not to bring lawsuits against each other for three years.
“We believe that the agreements we have reached signal a new phase of cooperation for our companies and enable us to better deliver the innovation and value the industry needs,” said Magid Abraham, president and CEO of comScore.
In March, Nielsen sued comScore, alleging patent infringement related to the measurement and display of online content. comScore filed a countersuit a few weeks later with a similar claim.
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