Deals
China’s Xiaomi Buys Microsoft Patents to Spur Global Forays
- Patents cover wireless communications, video and cloud
- Xiaomi has faced patent wrangles in international markets
Xiaomi Buys 1,500 Patents From Microsoft for Growth
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Xiaomi Corp. bought nearly 1,500 technology patents from Microsoft Corp. in a deal that may smooth potential legal tangles over intellectual property as it pushes beyond China.
The patents cover a range of wireless communications, video, cloud and multimedia technologies, spokeswoman Kaylene Hong said. The acquisition came as part of a broader agreement announced Wednesday with the U.S. software giant, under which Microsoft Office and Skype will come pre-installed on the Chinese smartphone maker devices.