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Saturday, 11 February 2012 - EU seen approving Google's Motorola deal: sources |
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Wed, Feb 8 2012 EU seen approving Google's Motorola deal: sources Tweet Share this Email Print Related News UPDATE 11-Greece deal fails to convince, EU demands more Thu, Feb 9 2012 Oracle buying Taleo for $1.9 billion, cloud war brews Thu, Feb 9 2012 Glencore-Xstrata deal meets shareholder opposition Tue, Feb 7 2012 Analysis: Euro zone strugglers lack innovative knack Mon, Feb 6 2012 A sobering look at Facebook Fri, Feb 3 2012 Analysis & Opinion Thermostat spat puts old heat on new cool Catwalks for all sizes Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » A Motorola Droid phone is seen displaying the Google search page in New York, August 15, 2011. Credit: Reuters/Brendan McDermid By Foo Yun Chee BRUSSELS | Fri Feb 10, 2012 2:49pm EST BRUSSELS (Reuters) - Google Inc (GOOG.O) is expected to win approval next week from European regulators, as well as from U.S. antitrust authorities, for its planned $12.5 billion purchase of Motorola Mobility (MMI.N), according to people familiar with the matter. Web search leader Google, which is buying the handset maker to boost its patent portfolio, is seen winning unconditional EU clearance for the deal, two people with knowledge of the matter said on Friday. The deal was announced last August. The U.S. Justice Department is also expected to approve the acquisition next week, two separate sources who are close to the antitrust review told Reuters on Thursday. After U.S. and European approval, the companies would still need approval from China. Regulators in China have until March 20 to decide whether to approve the deal or start a third phase of review, according to source close to the situation. It was not immediately possible to contact China's Ministry of Commerce for comment on this story. Regulators in Israel and Taiwan also have not yet signed off on the deal. The European Commission is scheduled to decide by Monday whether to clear the deal or embark on a more in-depth review. "The Commission is expected to clear this deal without requiring any concessions from Google," one of the sources said. The European regulator is expected to say the deal will not stifle competition, two of the sources said. One source said it was possible the Commission could decide on Monday to open an in-depth investigation into the deal instead of clearing it, but that this was highly unlikely. While the U.S. Justice Department and the Commission are coordinating their actions, it is possible their decisions may not come on the same day, another source familiar with the matter said. Representatives for Motorola and Google declined comment. Google announced in August that it would buy Motorola for its 17,000 patents and its 7,500 pending patent applications as it looks to compete better with rivals such as Apple Inc (AAPL.O) and defend itself and manufacturers using its Android phone software in patent litigation cases. The legal patent war among technology and smartphone makers has prompted the Commission to open an investigation into legal tactics used by Samsung Electronics (005930.KS) against Apple and whether these breach EU antitrust rules. Earlier this week, Google pledged to license Motorola patents on fair and reasonable terms if the deal succeeds. In letters to standard-setting organizations around the world, it promised to keep a cap on the fees it charges for licensing its technology. That cap would be 2.25 percent of the net selling price for each phone. Google also outlined the conditions under which it would sue companies for patent infringement. Microsoft Corp (MSFT.O) also promised on the same day not to seek injunctions to ban products based on standard-essential patents. In 2010, U.S. business software maker Oracle Corp (ORCL.O) won unconditional EU approval for its $7 billion takeover of Sun Microsystems, a month after a public pledge to rivals and users aimed at easing regulatory concerns. Google shares were down 6 percent at $605.45 in afternoon trade on Nasdaq, while Motorola Mobility shares were up 6 cents at $39.41 on the New York Stock Exchange. (Additional reporting by Jeremy Pelofsky and Diane Bartz in Washington, Sinead Carew in New York and Alexei Oreskovic in San Francisco; editing by Matthew Lewis and John Wallace) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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