[Techtaffy Newsdesk]

Nielsen Holdings and comScore have settled their patent disputes, and as part of the settlement, both companies will enter into a cross-licensing agreement.

Subject to retained rights by Nielsen, comScore will acquire ownership of the four Nielsen families of patents asserted in litigation. ComScore also grants Nielsen worldwide licenses for the families of the four patents comScore asserted in litigation. Both parties agree not to bring any patent action against the other for the next three years.

In addition, Nielsen has acquired approximately $19 million in comScore restricted common stock with neutral voting requirements, which Nielsen has agreed to hold for a period of one year minimum.

This agreement settles both patent suits filed by the parties in the U.S. District Court for the Eastern District of Virginia.

Upload: 02-26-12