SAP Will Pay Oracle $306 Million Over Copyright Infringement

Software giant Oracle has agreed to accept $306 million in damages from rival SAP stemming from the bitter copyright infringement lawsuit the two contested in 2010.

A jury had initially awarded Oracle $1.3 billion until a judge set that judgment aside, a decision which Oracle says it intends to appeal. SAP admitted to the infringement on the eve of the trial, pled guilty to several criminal charges stemming from the theft of Oracle software and paid fines to the U.S. Department of Justice.

Team TechPanda

Recent Posts

Regulators Draw the Line on Crypto: Europe Tightens, US Divides as Stablecoins Surge

A global regulatory reset is underway in crypto and it is unfolding along sharply different…

1 day ago

The Rise of AI Governance Will Create a New Category of Tech Talent

India’s AI journey is entering a new phase of maturity, marked by a shift from…

2 days ago

Game On: India’s New Rules Legitimize Esports, Tighten Grip on Online Gaming

As per a recent development, The Ministry of Electronics and Information Technology (MeitY), as the nodal Ministry,…

2 days ago

New tech on the block: Fintech, Voice Technology, EdTech & Cybersecurity

The Tech Panda takes a look at recent tech launches. Fintech: Solution to Elevate Banking…

3 days ago

The AI Divide Was Predicted in 1909—And We’re Living It Now

What a century of sci-fi reveals about the choices that will determine the AI transition…

4 days ago