LG Electronics, Microsoft in patents deal
Afp, Seoul
Microsoft Corp and South Korea's LG Electronics (LGE) said Thursday they have reached a patent cross-licensing agreement aimed at further developing each other's current and future products. LGE will be able to use Microsoft's patented innovations in its products, including Linux-based embedded devices, the two high-tech giants said in a statement. Microsoft will in turn have access to LGE's patents and will license other patents developed by LGE that are now owned by business solutions provider MicroConnect Group. The companies did not disclose the terms of the agreement but said Microsoft would make a net balancing payment to LGE and MicroConnect for patents related to operating and computer systems.
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