Microsoft Settles With Google

Microsoft(MSFT Quote) and Google(GOOG Quote) shared some holiday cheer Thursday as they settled their litigation over former Microsoft executive Kai-fu Lee jumping ship to join Google.

In a tersely worded announcement, Microsoft said it has reached an agreement with rival Google and Lee settling the suit. The terms of the agreement are confidential, and all parties agreed to make no other statements to the media regarding it.

Microsoft would only say that "We are pleased with the terms of our settlement with Google and Dr. Lee." Google did not release a statement on the settlement and a spokesperson was not immediately available for comment. ...