The European Commission and the U.S. Justice Department have both cleared Google’s planned purchase of Motorola Mobility today in a massive $12.5 billion acquisition for the search giant. With two major approvals out of the way, Google still needs to obtain approval from China, Israel, and Taiwan before they can finalize the deal.
Google headquarters must be all high-fives today. Just hours after the European Commission cleared its proposed acquisition of Motorola, the U.S. Department of Justice has given its approval on the deal as well.
“The division concluded that the specific transactions at issue are not likely to significantly change existing market dynamics,” the Department of Justice said in a press release today that concerned Google’s Motorola acquisition and its approval of the Nortel and Novell patent sales to other major tech companies.
Despite the approval, EU Commission Vice President Joaquín Almunia still says that the Commission will continue to monitor Google for patent abuse and potential antitrust concerns.