Google’s buyout of Motorola approved by the US and EU
By Vlad Bobleanta on 14 Feb 12Over the past 24 hours or so, Google has completed two important steps (if not the most important) towards closing its acquisition of Motorola Mobility. The buyout of Motorola’s mobile device-related business was announced back in August of 2011, and it took this long for regulators in the US and EU to make up their minds whether they like this deal or not.
In the end, it’s a green light for Google. Or two, so to speak. Both the European Commission and the US Department of Justice have approved the takeover of Motorola Mobility by Google. Unfortunately though, that doesn’t mean the deal is closed.
That’s because Google still has to obtain approval from the relevant authorities in Israel, Taiwan, and China. At this point there’s no telling when those authorities will have their decisions ready. It is however safe to assume that the process may take a while, even from this point on. Which is a shame, since six months have already passed from the announcement.
That said, this is a pretty big deal (both literally and figuratively), so perhaps all this time is being spent by those authorities debating over the pros and cons. We sure hope so.
Supposing that Google doesn’t hit any hurdles with the Israeli, Taiwanese, and Chinese regulators, the Mountain View giant will be able to start working on hardware sometime this year, we assume. We can’t wait to see what it has in store for us.
Via Google
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