Microsoft inks patent deal with Fuji Xerox

C|Net | at | by Mike

Microsoft said late Wednesday that it has inked a patent swap deal with Fuji Xerox that paves the way for the companies to use each other's technology.

The companies did not disclose financial terms of the agreement, except to say that money will change hands. Funds will flow in both directions, Microsoft, but it declined to say which way it expects the balance to tilt.

The deal is the latest in a series of such cross-licensing deals for Microsoft, which has worked in recent years to both file more patents and to more aggressively license its technology.