Google, YouTube slapped with $26 million verdict in video-sharing patent fight

(Reuters) – Google and its video platform YouTube owe nearly $26 million for infringing a streaming-video patent owned by VideoShare LLC, a Texas federal jury said.

The Waco, Texas jury found Tuesday that YouTube’s streaming technology works in the same way as VideoShare’s patented technology for converting a video to multiple formats and transmitting it in the best format for a user’s…