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Europe Approves Google's Acquisition of Motorola

Feb 13, 2012, 1:24 PM by Eric M. Zeman

The European Commission has approved Google's proposed $12.5 billion acquisition of Motorola Mobility. "This is an important milestone in the approval process and it moves us closer to closing the deal," said Google in a statement. "We are now just waiting for decisions from a few other jurisdictions before we can close this transaction. As we outlined in August, the combination of Google and Motorola Mobility will help supercharge Android." Last week, the Wall Street Journal reported that the U.S. Department of Justice was likely to approve the deal as early as this week.

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Comments

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This forum is closed.

dabbler

Feb 13, 2012, 7:25 PM

Why do two US companies need EU approval for merger?

I don't recall any instance of two EU companies needing US approval for their merger.

Versed

And if the Dept. of Justice did, the europeans wouldn't be kicking and screaming to mind our own business and affairs. And they'd be right as well.

I know those will say, well its their market, they have the right to do what they deem right. And ...
(continues)

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