LG Electronics and Sony have gotten the patent lawyers to heel (good lawyers, have a biscuit) in the two mega-corps' expansive patent disputes over mobile, TV and Blu-ray tech. Reuters
obtained a quote from South Korea's LG Electronics stating the two companies have agreed to drop patent suits and have signed a cross-licensing deal.
The patent issues culminated this past February when the civil court of justice in the Netherlands granted LG a preliminary injunction for customs to seize and confiscate all PS3s coming into Europe
. Dutch police eventually seized the consoles, only to allow the PS3s to runneth free after Sony won in court
. No word yet on when executives from the two corporations will meet to hug out the years of hostility.