U.S. and Europe has cleared the Google-Motorola deal

Google has gotten clearance from Europe and U.S. regulators on the acquisition of Motorola Mobility for $12.5 billion.

According to the regulators, this acquisition will not affect the competition in the market and will affect its current situation.

Joaquín Almunia, Commission Vice President in charge of competition policy, said,

"We have approved the acquisition of Motorola Mobility by Google because, upon careful examination, this transaction does not itself raise competition issues. Of course, the Commission will continue to keep a close eye on the behaviour of all market players in the sector, particularly the increasingly strategic use of patents".

The deal will "enhance competition and offer consumers faster innovation, greater choice and wonderful user experiences," Don Harrison, Google's deputy general counsel, wrote in a blog post.

Source:
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