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Google, Ford, Others Complete Defensive Patent Group Buy

Feb. 6, 2018, 4:32 PM

A coalition of companies, including Alphabet Inc.'s Google and Ford Motor Co., participated in a collective patent buy of 70 patents for $2.5 million, organizers of the sale said Feb. 6.

The Industry Patent Purchase Program (IP3) is run by the nonprofit Allied Security Trust, which buys patents in order to safeguard its members from infringement suits.

The second iteration of the program, which began in August 2017, saw participation from 15 operating companies and 16 sellers, resulting in 19 deals, AST said in a statement. Six brokers also participated and facilitated 15 of the total deals, it said.

The ...

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