Justice Department taking closer look at Google’s Motorola deal
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
Google says the Justice Department has requested more information about its proposed $12.5-billion acquisition of Motorola Mobility.
In a blog post, the Internet search giant said it intends to cooperate fully with the ‘second request’ from the antitrust division, which it called ‘pretty routine.’ A second request does not mean the agency will block the deal, just that it wants to take a closer look at the antitrust issues.
‘We’re confident that this deal will be approved. We believe very strongly this is a pro-competitive transaction that is good for Motorola Mobility, good for consumers and good for our partners,’ Google Senior Vice President Dennis Woodside wrote.
Motorola Mobility said it too would cooperate and expected the transaction to close by the end of the year or in early 2012, according to a filing with the Securities and Exchange Commission.
Google announced in August that it planned to buy Motorola Mobility. It’s betting that getting its hands on its own smartphone handset and Motorola’s patent portfolio will make it more competitive in the mobile market. Google has an anemic portfolio of wireless and telecommunications patents.
-- Jessica Guynn
Credit: Paul Sakuma / Associated Press