US wants more info from Google on Motorola deal

Sep 29, 2011
Google said Wednesday the US Justice Department has asked for more information about its bid for Motorola Mobility but expressed confidence the $12.5 billion deal will get the green light.

Google said Wednesday the US Justice Department has asked for more information about its bid for Motorola Mobility but expressed confidence the $12.5 billion deal will get the green light.

"We know that close scrutiny is part of the process and we've been talking to the US Department of Justice over the past few weeks," Dennis Woodside said in a blog post.

"Today we received what is called a 'second request,' which means that the DoJ is asking for more information so that they can continue to review the deal," Woodside said, adding that such a request was "pretty routine."

"While this means we won't be closing right away, we're confident that the DoJ will conclude that the rapidly growing will remain highly competitive after this deal closes," he said.

"We believe very strongly this is a pro-competitive transaction that is good for Motorola Mobility, good for consumers, and good for our partners," Woodside said.

"We'll be working closely and cooperatively with (the DoJ) as they continue their review," he added.

The boards of directors of Google and Motorola Mobility have unanimously approved the deal -- Google's largest acquisition ever, dwarfing its $3.1 billion purchase of online advertising firm DoubleClick.

Google's acquisition of Motorola Mobility will also require regulatory approvals from the European Union.

The US is presently conducting a probe into Google's Internet search and advertising business and past Google acquisitions have come in for close scrutiny from US and European regulators.

Explore further: Hackers invoke 9/11 in new chilling Sony threat

add to favorites email to friend print save as pdf

Related Stories

FTC looking into Google's AdMob acquisition

Dec 23, 2009

Web search and advertising giant Google said Wednesday that the US Federal Trade Commission (FTC) is seeking more information about its proposed purchase of mobile advertising company AdMob.

S&P says sell Google's shares after Motorola deal

Aug 16, 2011

(AP) -- Standard & Poor's is saying investors should sell Google's stock because it believes the search leader's decision to buy Motorola Mobility increases the risk to the company and its shares.

Feds likely to let Google buy Motorola Mobility

Aug 16, 2011

(AP) -- Federal regulators are unlikely to block Google Inc. from buying cellphone maker Motorola Mobility since the acquisition could help drive competition in the fast growing mobile device market.

Recommended for you

Underfire Uber ramps up rider safety

2 hours ago

Uber is ramping up driver background checks and other security measures worldwide after the smartphone-focused car-sharing service was banned in New Delhi following the alleged rape of a passenger.

Sony cancels NKorea parody film release after threats

3 hours ago

Hollywood studio Sony Pictures on Wednesday abruptly canceled the December 25 release date of "The Interview," a parody film which has angered North Korea and triggered chilling threats from hackers.

Sprint accused of billing for unwanted services

7 hours ago

(AP)—Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers hundreds of millions of dollars in charges for text message alerts and other services that they didn't order.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.