Justice Dept. Prepared to Approve Google's Moto Acquisition
The Justice Department is set to approve Google's proposed acquisition of Motorola as early as next week, reports the Wall Street Journal. Citing people familiar with the Justice Department's plans, the Journal reports that the government greenlight the deal, but will keep close watch on how Google uses the 17,000 patents it wins with the acquisition of the U.S. smartphone maker. The European Commission has already cleared the deal, as have the shareholders of Motorola and Google. Google announced plans to purchase Motorola for $12.5 billion in August 2011. Separately, the Justice Department is also prepared to approve Nortel's sale of patents to a collection of companies, including Apple, Microsoft, and Research In Motion. The Justice Department originally feared the consortium of Nortel patent winners would use their power to strangle Google's Android platform.
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