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Google (NASDAQ:GOOG) proposes to settle its patent dispute with Oracle (NYSE:ORCL) by paying a...

Mar. 29, 2012 10:37 AM ETAlphabet Inc. (GOOG) StockGOOG, ORCLBy: Eric Jhonsa, SA News Editor
Google (NASDAQ:GOOG) proposes to settle its patent dispute with Oracle (NYSE:ORCL) by paying a 0.5% royalty on its Android revenue for a patent expiring in December, a 0.015% royalty on a patent expiring in 2018, and $2.8M (based on the rates) for its IP use through 2011. Oracle considers Google's offer too low. Charles Arthur points out Google's offer suggests it only had $558M in Android revenue through 2011; Google said in October its mobile ad business is on a $2.5B run rate.

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