The Department of Justice gave its seal of approval to Google’s 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,” Google’s 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, according to Reuters.
Source: Reuters

If this is your first visit, be sure to
check out the 

LinkBack URL
About LinkBacks







Reply With Quote

W] Here <<<
