The European Commission has temporarily suspended their review of Google's plan to buy Motorola Mobility.
The deal to purchase Motorola's mobile devices and set-top box division for $12.5 billion was announced in August. Before it can be finalized regulators from both the US and EU will have to sign off on it.
According to Bloomberg, a spokeswoman for the commission told them the delay is to allow more time to get more documents related to the deal. Their review was originally expected to be completed early next January.
Google's Al Verney wrote in an email (via Bloomberg):
The acquisition is also being scrutinized by the US Justice Department who also requested more information in September.
According to Bloomberg, a spokeswoman for the commission told them the delay is to allow more time to get more documents related to the deal. Their review was originally expected to be completed early next January.
Google's Al Verney wrote in an email (via Bloomberg):
We're confident the commission will conclude that this acquisition is good for competition and we'll be working closely and cooperatively with them as they continue their review.
The acquisition is also being scrutinized by the US Justice Department who also requested more information in September.
