Google and Motorola Deal Gets European Commission Regulatory Nod

By on Feb 14, 2012 in Business, Economy, Europe, Internet, Smartphone, Tablet, Technology, United States, World Comments

The European Commission gave their official regulatory nod on the acquisition of Motorola Mobility by technology giant Google Inc.



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Image Credit: www.google.com

According to the press release posted in the official website of the European Union (Europa.eu) on February 13, 2012, the European Commission has cleared the proposed acquisition of Motorola Mobility, a manufacturer of smartphones and tablet computers, by Google, the world’s largest internet search and search advertising company.

The Europa.eu press release also stated that the European Commission approved the acquisition because it would not significantly modify the market situation in respect of operating systems and patents for these mobile devices.

Google welcomed the news and posted about it in the Official Google Blog on the same day. The search giant stated that the European Commission announcement is an important milestone for Google as it moves them closer to finalizing their Motorola deal that they first announced on August 2011.

“We’re happy that today the European Commission approved our proposed acquisition of Motorola Mobility, which we announced in August” said Don Harrison, Google Vice President & Deputy General Counsel. “We are now just waiting for decisions from a few other jurisdictions before we can close this transaction” added Harrison.

On the same Official Google Blog article, the search giant also mentioned that U.S. Department of Justice has closed its investigation of the Google and Motorola Mobility deal.



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