Oracle rebuffs Google settlement offer

"In order to expedite the trial process, Google proposed that in the event of Oracle proving patent infringement, it would not contest the decision if Oracle accepted a settlement offer of around $2.8m (?1.76m) for the two remaining alleged patent infringements, according to a Reuters report on Wednesday.

"In addition, Google proposed paying Oracle 0.5 percent of its Android revenue on one patent until December 2012 and 0.015 percent on the second patent until it expires in April 2018, the report said."

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