May 30, 2013 - Microsoft and Vringo Inc. have settled their patent litigation, and Microsoft will pay $1 million up front to Vringo and take a license under Vringo's search engine advertising patents.
Vringo said in a statement that Microsoft also agreed to pay 5 percent of any amount Google pays to use the patents - although that sum is subject to a cap.
Last November, a jury in Virginia awarded Vringo's subsidiary I/P Engine around $30 million in its lawsuit against Google and AOL. That award fell far short of the $696 million Vringo had been seeking in that lawsuit, and an appeal is pending.