#AceSocialNews – April.28: Google is angling to buy up patents from companies looking to sell in a new "Patent Purchase Promotion" that will start next month.
The promotion will allow patent holders to set a price on patents they are willing to part with. Google will then decide which ones it wants to buy. The search giant is painting the experiment as one that could help keep patents out of the hands of so-called "patent trolls."
"Unfortunately, the usual patent marketplace can sometimes be challenging, especially for smaller participants who sometimes end up working with patent trolls. Then bad things happen, like lawsuits, lots of wasted effort, and generally bad karma.
Rarely does this provide any meaningful benefit to the original patent owner," the company said in a blog post.