Google Deal for Motorola to Get US Approval (GOOG, MMI, AAPL, MSFT, RIMM, SNE, ERIC, EMC)

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By Paul Ausick Published
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Sometime next week, the US Department of Justice is expected to give its stamp of approval to Google Inc.’s (NASDAQ: GOOG) $12.5 billion acquisition of Motorola Mobility Holdings Inc. (NYSE: MMI) and its 17,000 patents related to mobile phone and wireless technology. Bloomberg News cites unnamed sources for the story.

The DoJ is also expected to approve the $4.5 billion acquisition of some 6,000 patents belonging to bankrupt Nortel Network Corp. by a consortium that includes Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT), Research in Motion Ltd. (NASDAQ: RIMM), Sony Corp. (NYSE: SNE), LM Ericsson Telephone Co. (NASDAQ: ERIC), and EMC Corp. (NYSE: EMC).

The Google-Motorola deal also needs approval from the European Commission, and a ruling from that body is due next week as well.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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