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Tuesday, January 28, 2014

Google to pay Vringo 6.5% royalty rate for AdWords sales

Google (Nasdaq: GOOG) told to pay Vringo (Nasdaq: VRNG) a patent royalty rate of 6.5 percent, according to Bloombergheadlines.

The rate was set by a judge in Norfolk, Va., after the two sides were unable to come to an agreement. The rate will cover ongoing royalties for sales of Google's AdWords.

It was determined earlier this month that modified AdWords still infringes on Vringo's intellectual property

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