Department of Justice_20100824114215_JPG

Seal of the United States Department of Justice.

  • Sidebar
Obama Battles To Win Military Voters
Obama Battles To Win Military Voters

As Memorial Day weekend nears, veterans and the military vote …

Romney: Politics 'Sport For Old Guys'
Romney: Politics 'Sport For Old Guys'

Mitt Romney has revealed that his campaign gaffes "haunt" him …

IRS: Number of High-Income Households Falls
IRS: Fewer High-Income Households

The number of high-income households in the US fell in 2009 but…

Brick-and-Mortar Stores Push Anew for Online Sales Tax Collection
Retailers Push for Online Sales Tax

Brick-and-mortar retailers, facing tough competition from …

US Consumer Confidence Highest in 4 1/2 years
Consumer Confidence Hits 4.5-Year High

A better hiring outlook and lower gas prices pushed a measure …

UBS, Citigroup Lost $50 Million Due to Nasdaq's Facebook Glitches, Sources Say
Facebook Glitches May Have Cost $50M

The market-making arms of UBS and Citigroup suffered combined …

Fate Of BlackBerry's Messaging Tool In Doubt
BlackBerry's Messaging Fate Unknown

Research In Motion (RIM) Ltd. may have lost its dominance in …

BlackBerry's Longtime Head of Sales Resigns
Longtime BlackBerry Exec Leaves Firm

Longtime Research In Motion (RIM) executive Patrick Spence is …

Report: NYSE Reaches Out to Facebook
Report: NYSE Reaches Out to Facebook

NYSE Euronext has reached out to Facebook Inc., inviting the …

Facebook Stock Climbs, but Company Faces Lawsuits
Facebook Stock Climbs Amid Lawsuits

Facebook's fourth day of trading as public company brought …

US Set to Clear Google-Motorola Deal

Updated: Wednesday, 08 Feb 2012, 8:50 PM EST
Published : Wednesday, 08 Feb 2012, 8:50 PM EST

(NewsCore) - The US Justice Department is poised to clear Google Inc.'s $12.5-billion acquisition of Motorola Mobility Holdings Inc. as early as next week, according to people familiar with the matter, giving Google a powerful armory of technology patents to deploy in the smartphone wars.

However, antitrust enforcers in the US and Europe remain concerned about Google's commitment to license key Motorola patents to competitors on fair terms, those people said, and are likely to closely monitor Google's use of the patents. The European Commission has set a deadline of Monday to decide whether to approve the acquisition.

The Justice Department is also set to clear a second big tech patent deal that has raised antitrust concerns in the smartphone industry. It will allow a consortium of tech companies including Apple Inc., Microsoft Corp. and Research In Motion Ltd. to acquire a trove of patents from bankrupt Canadian telecom equipment maker Nortel Networks for $4.5 billion, people familiar with the matter said.

Investigators had been looking at whether those tech giants were planning to use the patents to unfairly hobble competing smartphones using Google's Android software.

A Justice Department spokeswoman declined to comment.

  • Fox 2 Money Savers
Advertisement
  • Suggested Search
  • Marketplace Ads
User Tools - July 2011 Update