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Dealipedia - Google Inc acquires

Google Inc acquires

Deal Participants:
Acquiring Company: Google Inc View Profile Charts Homepage
Target Company: View Profile Charts Homepage
Deal Financials:
 
Date:
Announced: Feb 14, 2012

PRESS RELEASE

As expected, the U.S. Department of Justice has just officially announced that it has approved Google's plans to buy smartphone maker Motorola Mobility.

In a statement, the DoJ said that Google's acquisition of Motorola was "not likely to significantly change existing market dynamics." It said that it considered Google's pledge to not litigate with patents that are essential to industry standards, such as those involving 3G technologies, during its investigation. The DoJ claims that Google said it would stick to fair, reasonable and non-discriminatory (FRAND) licensing terms for the patents it will control once it acquires Motorola Mobility.

Google announced its intent to acquire Motorola Mobility in August of 2011. The deal, if it receives final approval from China, Taiwan, and Israel, will see Google gaining control of over 17,000 patents and 6,800 patent applications that belong to Motorola.

Earlier today Google received regulatory approval from the European Union for the acquisition.

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Feb 14 '12
This version submitted by Melg8Mike

 

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