Google has announced the results of an experimental initiative to buy tech patents and license them at fair rates in order to prevent them falling into the hands of patent trolls. The company revealed that it bought 28% of the “relevant” patents offered to it, paying a median price of around $150k, reports IEEE Spectrum.

Google’s senior product licensing manager Kurt Brasch said that the company was “very, very happy” with the program, with the number of submissions substantially higher than expected… expand full story