- Mar 16, 2011
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The Department of Justice gave its seal of approval to Googles proposed takeover of U.S. cell-phone maker Motorola Mobility on Monday, just hours after European regulators also gave the deal clearance.
The $12.5 billion acquisition positions Google to move into the device market and potentially into more direct competition with companies like Apple.
Google wants to own the hardware to pair with its Android operating system for smartphones, and could use the acquisition to protect patents as well as to develop other devices such as home gaming systems.
The combination of Google and Motorola Mobility will help supercharge Android, Googles Don Harrison said in a blog post earlier in the day. It will also enhance competition and offer consumers faster innovation, greater choice, and wonderful user experiences.
The European Union earlier on Monday approved the deal, which still needs the approval of regulators in several other countries, including China.
Source: Reuters
The $12.5 billion acquisition positions Google to move into the device market and potentially into more direct competition with companies like Apple.
Google wants to own the hardware to pair with its Android operating system for smartphones, and could use the acquisition to protect patents as well as to develop other devices such as home gaming systems.
The combination of Google and Motorola Mobility will help supercharge Android, Googles Don Harrison said in a blog post earlier in the day. It will also enhance competition and offer consumers faster innovation, greater choice, and wonderful user experiences.
The European Union earlier on Monday approved the deal, which still needs the approval of regulators in several other countries, including China.
Source: Reuters
