Microsoft and Rakuten Sign Patent Licensing Agreement
13-Mar-2016
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Source : Microsoft
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Visits : 6799
REDMOND, Wash., and TOKYO - Microsoft Technology Licensing LLC and Rakuten Inc. signed a worldwide patent cross-licensing agreement covering each company’s respective consumer electronics products, including Linux and Android-based devices.
“Our agreement with Rakuten reinforces the opportunities that cross-licensing can bring to companies across the technology spectrum,” said Nick Psyhogeos, president of Microsoft Technology Licensing. “We’re pleased to have found a mutually beneficial path of collaboration that will ultimately benefit consumers.”
“This agreement gives us the freedom to bring our customers new and exciting products, while jointly recognizing the value of patented innovation,” said Akio Sugihara, managing executive officer and director of Rakuten.
A press release by Microsoft stated that the terms of the agreement are confidential.