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“We are pleased to have built upon our longstanding relationship with LG to reach a mutually beneficial agreement," corporate VP and deputy general counsel for intellectual property Horacio Gutierrez said in a statement. He notes that the company already has similar agreements with 10 other Android and Chrome device makers, including HTC, Samsung and Acer.
MSFT this morning is up 20 cents, or 0.7%, to $27.92.