European commission and U.S. Department of Justice has cleared the Google-Motorola deal
Regulators from Europe and U.S. have cleared the $12.5 billion deal of Google’s acquisition of Motorola Mobility.
According to U.S. department of Justice this acquisition of Motorola Mobility by Google will not decrease the competition and will not change the current market dynamics.
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.
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.
Google announced the deal in August and it is one of the biggest successes by Google to reach the final target of full control on Motorola Mobility Holdings Inc. as Google has yet to clear the acquisition deal in China, Taiwan and Israel.
Motorola Mobility has 17,000 patents, which will work as a strong intellectual property by Google. The deal by Google is the biggest in its 13 years history.
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