European Commission Approves Google/Motorola Deal
The European Commission has approved Google’s proposal to acquire Motorola Mobility for $12.5 billion. It’s another big hurdle cleared for the Mountain View company who stands to take control of a patent portfolio in the tens of thousands range should they get cleared from other regulatory bodies, including the US Department of Justice, Taiwan, China, and Israel. There is little doubt that Google will be able to gain approval from all of the bodies they need to, especially considering their biggest obstacles are behind them. Google expects the deal to be approved, cleared and closed by the end of this quarter and, at this pace, they’ll meet their goal handily. [European Commission via Google]