Google-Motorola Deal All Clear, Approved By European Commission And Department Of Justice

Posted on Feb 14 2012 - 4:58am by Editorial Staff

After suspending the hearings by EU regulators early last December to seek more information about Google’s acquisition of Motorola Mobility, the commission set February 13 as a deadline for the mulling the deal – and now we are hearing from the search engine giant that European Commission as well as U.S. Department of Justice approved Google’s proposed acquisition of Motorola Mobility, which the company announced in August.

“This is an important milestone in the approval process and it moves us closer to closing the deal,” said Don Harrison, Google’s Vice President & Deputy General Counsel. “We are now just waiting for decisions from a few other jurisdictions before we can close this transaction.”

The Google CEO Larry Page writes last year, “The combination of Google and Motorola will not only supercharge Android, but will also enhance competition and offer consumers accelerating innovation, greater choice, and wonderful user experiences. I am confident that these great experiences will create huge value for shareholders.”

And now the company is just waiting for decisions from a few other jurisdictions before it can close the transaction. Along with Motorola Mobility, Google will be acquiring a few active lawsuits, the one of which coming from Apple over a Qualcomm wireless transmission patent license.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.