Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Sonos Rises as Victory Against Google Opens Path to Agreement

Jan. 7, 2022, 2:50 PM

Sonos Inc. rose after winning a trade agency case against Alphabet Inc.’s Google that analysts including one at Morgan Stanley say could help push the companies into an eventual agreement over patent royalties for home audio systems.

The U.S. International Trade Commission on Thursday issued an order that Google must stop importing phones, smart home devices and laptops that are using Sonos’ patented inventions without permission. Barring an unlikely reprieve from the Biden administration, Google has 60 days to implement pre-approved software changes to avoid having the ban take effect.

Sonos was up 4.71% to $30.23 at 9:49 a.m. ...