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China's Xiaomi to Buy 1,500 Patents From Microsoft, Enters Cross-Licensing Agreement

6/01/2016 04:33:51 AM Eastern

Xiaomi also entered into a cross-licensing agreement with Microsoft to preload Microsoft Office and Skype on select smartphones as part of Microsoft's plans to remain relevant in the smartphone market.

"Xiaomi agreed to purchase around 1,500 patents from Microsoft as part of an effort to acquire the intellectual property needed to expand its Android amrtphone distribution into developing countries."

Read More at The Wall Street Journal

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