It has been reported that EU and US regulators will approve Google Inc. (NASDAQ:GOOG)’s Motorola acquisition soon.
Google Inc. (NASDAQ:GOOG) To Get Green Light On Motorola Deal
Reuters has reported that European regulators and US antitrust authorities will approve Google Inc. (NASDAQ:GOOG)’s proposed $12.5 billion acquisition of Motorola Mobility soon.
The regulators should announce the decision next week.
Various regulators have been examining whether this acquisition would suppress competition in the smartphone market.
Sources familiar with the matter said, “The Commission is expected to clear this deal without requiring any concessions from Google Inc. (NASDAQ:GOOG). The European regulator is expected to say the deal will not stifle competition”.
Google Inc. (NASDAQ:GOOG) stocks are currently standing at 605.91.