Tuesday, February 14, 2012

Google cleared for Motorolla

Regulators in the United States have approved Google's plan to purchase mobile phone maker Motorola Mobility - soon after it won clearance from European authorities.

The US Justice Department agreed with the European Commission in finding that the $12.5 billion deal would not stifle competition.

Motorola split in two last year, prompting Google to bid for the section that makes phones and tablet devices in a bid to add more than 17,000 of Motorola Mobility's patents to its patent portfolio.

Google hopes the deal will give it an edge over competitors such as Apple and Samsung and boost its Android operating system.

Approval from China, Taiwan and Israel is needed before the deal is completed.

Source : RTE News 14th February 2012