Monday, February 13, 2012

Google -Motorola deal has been cleared by U.S. and European regulators

U.S. Department of Justice has cleared the investigations on Google's acquisition of Motorola in $12.5 billion. Moreover, European Commission has given approval to the deal.

JoaquĆ­n Almunia, Commission Vice President in charge of competition policy, said,
"We have approved the acquisition of Motorola Mobility by Google because, upon careful examination, this transaction does not itself raise competition issues. Of course, the Commission will continue to keep a close eye on the behaviour of all market players in the sector, particularly the increasingly strategic use of patents".

The deal will "enhance competition and offer consumers faster innovation, greater choice and wonderful user experiences," Don Harrison, Google's deputy general counsel, wrote in a blog post.

Now Google has to get approval from China, Taiwan and Israel in order to get full control of Motorola Mobility.

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