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EU approves Google's Motorola buy-out

EU approves Google's Motorola buy-out
Google's Moto takeover moves a step closer

Google's takeover of Motorola moved a step closer on Monday when EU regulators gave the company 'unconditional approval' to proceed with the deal.

The planned $12.5bn Googarola deal was announced in August 2011 and since then has been under scrutiny from regulatory commissions worldwide to ensure it doesn't break competition rules.

"We have approved the acquisition because upon careful examination, this transaction does not itself raise competition issues," said Joaquin Almunia, EU Competition Commissioner, in a statement.

The deal now needs approval from the United States, Taiwan and Israel before it can be rubber stamped.

No patent abuses, please

However, upon approving the transaction, the EU body says it'll be keeping an eye on Google to ensure it doesn't abuse the Motorola patents it will be acquiring in the deal.



Part of Google's reasoning for splashing out on Motorola - which is plans to run as a separate company - was to protect its Android ecosystem from patent infringement lawsuits already engulfing the Apple vs Android battle.

Via: Reuters