The world's favorite ATM is being hit up
for even more
coin today, as Vonage (presumably begrudgingly) agreed to resolve the patent lawsuit
between it and Verizon. Reportedly, the actual amount that the VoIP provider will be forced to pay "depends on how the Court of Appeals decides Vonage's pending petition for rehearing
regarding two of the Verizon patents." The breakdown is like so: if Vonage wins rehearing on either patent in question "or if the injunction is vacated," it'll owe $80 million. If the outfit doesn't win rehearing on either patent or "if the stay is lifted reinstating the injunction," it will soon find its thinning wallet a full $117.5 million lighter. Sounds like a prototypical lose-lose situation (or win-win, depending on perspective).
*Verizon is currently in the process of acquiring AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.