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LG, Sony drop patent infringement lawsuits, strike cross-licensing agreement

The testy patent battle between LG and Sony has finally come to an end, now that the companies have decided to lay down their arms and call a truce. In a statement issued today, an LG spokeswoman declared that the two parties have "agreed to drop patent infringement lawsuits against each other," adding that they've struck a cross-licensing deal on the TVs, smartphones and other gadgets in question. A Sony representative confirmed this, but did not offer further details. The spat began back in December, when Sony filed a complaint with the ITC over a handful of allegedly patent infringing LG mobile devices. The Korean manufacturer later struck back with an ITC complaint of its own, targeting Sony products like the Bravia and PlayStation 3. Now, however, the two have apparently learned how to play nice, though details on their settlement remain scarce. As soon as we have them, we'll pass them along.