European Regulators Clears Google’s Acquisition of Motorola

The search giant has happily announced that it has got a green signal from European regulators to finalize its Motorola Mobility acquisition.

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

As for US regulators are concerned, Reuters has reported earlier that Google will soon get an approval from US regulators. Many reports suggested that the decision will come any time this week.

 

 European Regulators Clears Google’s Acquisition of Motorola

 

Talking about Google’s acquisition of Motorola, Harrison said “the combination of Google and Motorola Mobility will help supercharge Android. It will also enhance competition and offer consumers faster innovation, greater choice and wonderful user experiences.”

If we look at the market status of Motorola, it owns one of the largest collections of patents in mobile industry. With this acquisition, Google would certainly be able to manufacture its own line of smartphones to go with its popular Android mobile operating system. Motorola also has a massive network of hardware manufacturing facilities that will help Google as well. Motorola, at the moment, is one of the biggest producers of Android-based devices.

To finalize the deal, Google will pay $12.5 billion to acquire Motorola Mobility. However, the deal is pretty much dependant upon the approval of US regulators now.

Antitrust regulators of the European Union didn’t impose any restrictions on the Google-Motorola acquisition. However, the competition commissioner of Europe, Joaquin Almunia said that the approval “does not mean that the merger clearance blesses all actions by Motorola in the past or all future action by Google.”

Google’s acquisition of Motorola Mobility is its first extension into the technology hardware business. Google has already faced a lot of antitrust criticism in the past when it decided to move into other online sectors, such as daily deals and shopping.

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