Apple to pay $10 million in patent suit

Apple Inc., maker of the iPhone and the iPod media player, agreed to pay $10 million to settle a patent-infringement lawsuit by Burst.com Inc. over technology that stores audio and video files.

The settlement, which isn’t yet final, provides Apple with a license to Burst.com’s patents, plus a pledge that Burst won’t sue Apple again over future patents, Burst said.

Burst, a three-employee company based in Santa Rosa, Calif., said it would “continue identifying and evaluating companies” that offer licensing opportunities and pursuing “those likely to yield suitable returns.”