‘BlackBerry maker Research in Motion said Friday it agreed to pay $612.5 million to patent holding company NTP to settle a long-running dispute that had threatened to shut down the popular wireless e-mail service for its 3 million users.

Canadian-based Research in Motion (Research) announced the settlement late Friday ahead of a U.S. judge’s expected ruling on damages in the case.

Under the settlement, NTP granted RIM the right to keep running its BlackBerry business, the company said in a statement.

“The agreement has been finalized and NTP’s lawsuit against RIM has been dismissed by a court order,” the Canadian company said. “The settlement means no further court proceedings or decisions about damages are necessary.”’

Read more at Blackberry maker, NTP settle patent dispute for $612.5M

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