01-06-2016 04:18 via financialexpress.com

Xiaomi to buy about 1,500 patents from Microsoft, builds ‘long-term partnership’

Analysts said Xiaomi’s ambitions to be a major player outside China were hampered by weak patent protection and a fear of a prolonged legal battle. Software maker Microsoft Corp is selling about 1,500 of its patents to Chinese device maker Xiaomi, a rare departure for the U.S. company and part of what the two companies say is the start of a long-term partnership.
The deal, announced on Wednesday, also includes a patent cross-licensing arrangement and a commitment by Xiaomi to install copi
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