Whichever way you look at it, the deal between Microsoft and Xiaomi which was announced earlier this week has to go down as one of the most significant of the year so far. There are the terms of the deal itself – Xiaomi gets 1,500 patents from the software giant’s global portfolio, Microsoft gets Office and Skype pre-installed on Xiaomi’s Android phones and tablets and the two sides put in place a cross-licence (which it’s probably safe to say is more valuable to the Chinese company).

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