Xiaomi Corp. has acquired a swath of patents from Nokia Oyj, making its latest acquisition of technology to drive a global expansion. The Chinese smartphone maker is getting its hands on a trove of intellectual property from the Finnish company that once led the world in phone sales before Apple Inc. ushered in the smartphone era. The deal expands a portfolio augmented last year by the purchase of some 1,500 patents from Microsoft Corp., and may help smooth over potential legal tangles abroad. Under their agreement, Xiaomi will buy patents from Nokia for an undisclosed sum, while the two companies have agreed to share essential licensing rights.
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