Google wins EU okay for Motorola buy
(Reuters) - Google Inc won unconditional EU regulatory approval on Monday for its planned $12.5 billion purchase of mobile handset maker Motorola Mobility.
But the European Commission said it would monitor the company and rivals' use of patents to ensure they comply with EU antitrust rules.
Web search leader Google wants to buy Motorola Mobility to boost its patent portfolio in a deal announced last August.
The EU executive, which acts as the competition regulator for the 27-member European Union, said the deal would not significantly change the market for operating systems and patents for these devices.
"We have approved the acquisition... because upon careful examination, this transaction does not itself raise competition issues," EU Competition Commissioner Joaquin Almunia said in a statement.
But Almunia said he was worried about the possibility of abuse of patents by Google and other firms now involved in a series of legal disputes over intellectual property rights.
"This merger decision should not and will not mean that we are not concerned by the possibility that, once Google is the owner of this portfolio, Google can abuse these patents, linking some patents with its Android devices. This is our worry," he told reporters. READ MORE
Become a W3 Solutions Dealer
| Posted by Foo Yun Chee on Feb 13, 2012 | ||
| 0 Comments |  Post A Comment |
|
