New York (CNN Business) Apple and Qualcomm on Tuesday agreed to dismiss all of the legal battles between the two companies around the world. Apple and Qualcomm announced a new six-year license contract, with the option to add two more years. Apple stock was flat. The epic legal battle started in January 2017 when Apple sued Qualcomm for nearly $1 billion. Apple accused Qualcomm of charging "excessive royalties" and withholding payments in retaliation for Apple cooperating with a South Korean investigation into the chipmaker.

Source: CNN April 16, 2019 19:20 UTC