Google Approved to Buy Motorola Mobility
Google has received approval from the US Department of Justice (DOJ) and the European Union to acquire Motorola Mobility Holdings for $12.5 billion. The largest acquisition yet for Google, Google has stated that its intention is to obtain Motorola’s numerous patents and to help it better compete in the wireless space. Regulators promised to ensure that the patents obtained in the acquisition are licensed fairly by Google, which said it would manage the acquisition as a separate business entity. Motorola Mobility was created in January 2011 following the split from Motorola Inc. of its Mobile Devices division. Motorola Mobility makes smartphones, tablet PCs, and set-top boxes and other video solutions. Motorola Solutions is known in the land mobile industry for its two-way radios, mobile computers, and other wireless solutions for business/industrial and public safety organizations.
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