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Microsoft In Patent License Deal With LG On Android, Chrome

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Microsoft this morning announced that it has signed a deal to license its patent portfolio to LG Electronics covering Android and Chrome OS based tablets, mobile phones and other consumers devices. Terms were not disclosed.

“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.