After five months, European Union regulators have approved of the purchase of Motorola Mobility by Internet search giant Google, Inc.
The main reason Google wants to purchase Motorola is to increase its stable of patents. The EU was mainly concerned about the stifling of competition of the deal were to go through. At this point, the commissioners charged with making the decision of whether to approve the buy or not have determined that there is no current cause for concern. But, they have said that they will keep an eye on Google to see how they behave in the future.
Google is currently involved in a series of legal battles with other firms over intellectual property rights. Purchasing other tech companies is a common way for tech giants to secure the patents that those companies hold. Google wanted Motprola's patents to better position itself to compete with Apple, Inc. in the handheld market, as well as to better position themselves against other lawsuits in the future. There are 17,000 patents and 7,500 patents pending up for grabs in the Motorola buy.
In an announcement earlier today, Google+Blog%29" target="_blank">Google stated:
"This is an important milestone in the approval process and it moves us closer to closing the deal. We are now just waiting for decisions from a few other jurisdictions before we can close this transaction.
As we outlined in August, the combination of Google and Motorola Mobility will help supercharge Android. It will also enhance competition and offer consumers faster innovation, greater choice and wonderful user experiences."
The deal still needs the approval of regulators in the United states and China. The U.S. Justice Department is expected to approve the buy later this week. Chinese regulators are expected to decide by March 20 on the deal.