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Monsanto, Dupont Agree To $1.5 Billion Licensing Deal

NPR
Wednesday, March 27, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

Genetically-modified seeds — and the technology to produce them — have been at the center of a bitter legal fight between the two companies. Dupont will pay Monsanto more than $1.5 billion in the deal. With that, the companies will drop their patent and antitrust claims against each other.

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news begins with a seedy legal battle.

Genetically-modified seeds - and the technology to produce them - have been at the center of a bitter legal fight between two companies - Monsanto and DuPont. It appears the battle has now been settled. DuPont will be paying Monsanto more than $1.5 billion in a licensing deal. With that, the companies will drop their patent and antitrust claims against each other. A $1 billion jury verdict against DuPont will also be dropped. Transcript provided by NPR, Copyright NPR.

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