AP Settles Moreover, Verisign Copyright Suit; Terms Undisclosed
This story was written by Staci D. Kramer.
The headline pretty much says it all ... the Associated Press has ended its legal fight with Moreover Technologies and its parent VeriSign (NSDQ: VRSN). The news service sued the two in U.S. District Court for the Southern District of New York last October, claiming infringement. Terms of the settlement aren't being disclosed. Release.
We reported a while back that AP was considering acquiring the news search and delivery firm from VeriSign, which is divesting its non-core assets. During the Q2 earnings call, VeriSign referred to two potential sales that fell through but it was unclear if this was one.
By Staci D. Kramer