Google, Others Launch New Round Of Patent-Buying Program

By Tiffany Hu (May 22, 2018, 9:02 AM EDT) -- A consortium of companies that buys patents on behalf of its members — including Google, Ford, Sony and Uber, among others — announced on Tuesday the latest round of its patent-buying program, known as IP3, which gives patent owners a streamlined way to sell patents to companies.

Allied Security Trust said that it will hold another round of its Industry Patent Purchase Program, beginning on July 9, to give patent owners an opportunity to offer their patents to the participating companies at a set price. The group's members are in a range of industries, including information technology, software, semiconductors, automotive and...

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