European Commission approves Google-Motorola deal
Google’s acquisition of Motorola Mobility inc. just got closer to becoming the real deal. Today, Google announced, via it’s official blog, that the European Commission had cleared the deal for it to acquire Motorola. With Europe crossed-off the list, Google just needs approval from a few more jurisdictions, specifically the U.S. Justice Department, China, Israel, and Taiwan.
According to a press release by the European Commission, the Commission approved the transaction mainly because “it would not significantly modify the market situation in respect of operating systems and patents for these devices [smartphones and tablets]”.
Joaquín 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”
Last week, the Wall Street Journal reported that the U.S. Justice Department could give Google and Motorola the thumbs up they need to complete the acquisition as early as this week. So, Google could become the proud owner of Motorola Mobility pretty soon.
We’ll be sure to post more details as they are made available.