TITANS -GOOGLE- *TENCENT*

GOOGLE, Tencent eye collaboration on new technologies.

INTERNET TITANS :

Google and Tencent on Friday signed possible future collaboration on developing new technologies  as the US and Chinese firms announced a long term patent-sharing agreement.

The companies gave no details on the scope or nature of the potential cooperation but said in a joint statement that they ''are open to deeper collaboration in the future on innovative new technologies.''

''By working together on agreements such as this, tech companies can focus on building better products and services for their users,'' Google's head of patents, Mike Lee, was quoted saying.

Sam Xu, head of intellectual property at Tencent, added that the patent agreement would ''advance the collaboration between two leading technology companies''.

California based Google already has similar cross-licensing tie-ups and Samsung, LG and others, which are typical industry arrangements between corporations designed to minimise patent infringements.

But any cooperation between the US search giant and China's all-conquering tech leader -the world's second and fifth-largest companies by market value, according to Bloomberg News-

Is bound to generate buzz in the IT world. [Agencies].