Google Will Buy Motorola Mobility
Google Inc. (GOOG) won U.S. antitrust approval to purchase Motorola Mobility Holdings Inc (MMI). for $12.5 billion and expand its mobile-phone patents to increase competition with Apple Inc. (AAPL)
The acquisition of Libertyville, Illinois-based Motorola Mobility gives Google, the biggest maker of smartphone software, more than 17,000 additional patents in the largest wireless- equipment deal in at least a decade, according to data compiled by Bloomberg.
The U.S. Justice Department said that the Motorola Mobility patent purchases as well as two separate deals it approved yesterday wouldn’t hurt competition in the mobile-phone industry. Google earlier won approval for the purchase in the European Union while the company is awaiting regulatory clearance in China and Israel.
“The specific transactions at issue are not likely to significantly change existing market dynamics,” according to a Justice Department statement.
Google, based in Mountain View, California, cited reinforcing its defenses in patent litigation as the prime motive for buying Motorola Mobility and its patents.
Lawsuits Over Android
Apple, maker of the iPhone, and Microsoft Corp. (MSFT), developer of Windows Phone software, have alleged patent infringement in lawsuits around the world over phones that run on Google’s Android system, including handsets built by Motorola Mobility, Samsung Electronics Co. and HTC Corp. (2498)
Read the rest here; http://www.bloomberg.com/news/2012-02-13/google-s…
Everyone already knew they were buying Motorola, this article is about them getting approval from the US DOJ.
Go away.
Well, everyone know that they WANTED to buy Motorola. This article is about them getting the approval to buy it. Now they will buy it since they have the approval, otherwise they would not have been able to do it.
Hint: ATT wants to acquire T-Mobile is not the same as ATT will buy T-Mobile. Google wants to buy Motoroal is not the same as Google will buy Motorola (not until DOJ gives its approval)
Comprende little bitch?
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