China's Xiaomi to Acquire Microsoft Smartphone Patents

BEIJING -- #Xiaomi Corp. has agreed to purchase around 1,500 patents from #Microsoft Corp. in an example of the rising costs facing the Chinese smartphone startup as it expands outside China.

The deal reflects Xiaomi's efforts to acquire the intellectual property it needs to one day sell its devices beyond developing markets. One of its ultimate goals is to sell its phones in the U.S.

http://m.nasdaq.com/article/chinas-xiaomi-to-acquire-microsoft-patents----wsj-20160601-00062