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