James Delahunty
28 Nov 2011 7:13
Google seeking regulatory OK for Motorola Mobility deal.
According to the European Commission website, search engine giant Google has officially sought EU approval for its planned acquisition of Motorola Mobility. The $12.5 billion was announced back in August, and is seen as a way for Google to boost its mobile patent portfolio in an increasingly volatile market.
Google is seeking the approval of European regulators at the same time the European Commission is investigation claims from small firms that Google is abusing its position to thwart rivals.
In the United States, the Department of Justice (DoJ) is also assessing the proposed takeover.
The European Commission will make a decision on whether or not to approve the proposed deal in its current form, by January 10 of next year.