13 Feb '12, 8pm

EU approves Google's US$12.5b Motorola takeover

WASHINGTON: US and European regulators gave the green light Monday to Internet giant Google's $12.5 billion acquisition of Motorola Mobility. In a related decision, the Justice Department's antitrust division also approved the purchase by Apple, Microsoft and Research In Motion (RIM) of patents from Nortel Networks and the acquisition by Apple of Novell patents. The Justice Department said it examined the three deals simultaneously to determine "whether the acquiring firms could use these patents to raise rivals' costs or foreclose competition." "After a thorough review of the proposed transactions, the Antitrust Division has determined that each acquisition is unlikely to substantially lessen competition and has closed these three investigations," it said. "The division concluded that the specific transactions at issue are not likely to significantly change existing marke...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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