Are Apple and Google in Peace Talks?

Could Apple (NASDAQ:AAPL) really be getting tired of all the patent warfare its been part of? Earlier this week, it was reported that the iPhone maker had decided to stop fighting Taiwanese company HTC in court and enter into a 10-year long settlement and patent licensing agreement — and now there’s news of another friendly move. Apple and Google (NASDAQ:GOOG) unit Motorola are reportedly considering arbitration in an attempt to resolve part of their dispute over patents related to smartphone technology.

The two companies have exchanged proposals to reach a licensing agreement over standards essential patents, Bloomberg reported. Apple said in a court filing that the agreement could lead to a global settlement between the two companies and that it agreed that “arbitration may be the best vehicle to resolve” the dispute.

Our 20-page proprietary analysis of Apple’s stock is ready. Click here and to get your Cheat Sheet report now!

“Apple’s goal has always been to find a mutual and transparent process to resolve this dispute on terms that are fair, reasonable and non-discriminatory without the threat or taint of exclusionary remedies,” Apple general counsel Bruce Sewell said in letter to Google, according to the court papers.

Motorola was the first one to mention the possibility of arbitration, days before a federal judge in Madison, Wisconsin, threw out a case filed by Apple against it. It also recently dropped its complaint related to non-essential patents against the iPhone maker with the U.S. International Trade Commission.

“We have long sought a path to resolving patent issues and we welcome the chance to build on the constructive dialogue between our companies,” Google general counsel Kent Walker said in a letter to Apple, according to the filings. “While we prefer to seek a framework for a global (rather than piecemeal) resolution that addresses all of our patent disputes, we are committed to reaching agreement on a license for our respective standard-essential patents.”

Apple is still pursuing key smartphone rival Samsung in several cases around the world.

Don’t Miss: Apple and Samsung Are Raising the Stakes.