While we already heard from the WSJ that United States regulators are going to approve Google’s acquisition of Motorola Mobility, Reuters is reporting today that European regulators are going to do the same. Getting an approval from both areas would be significant, and it would push the $12.5 billion buyout announced in August closer to sealing the deal.
After Europe and the U.S., Google will still have to get approval from China, Israel, and Taiwan. Chinese regulators have until March 20.
Google acquired Motorola Mobility for its large array of patents. There have also been reports that Google will use Motorola Mobility’s expertise in hardware to build its own Google hardware. WSJ reported yesterday that Google is developing a streaming home-entertainment system.
U.S. regulators will approve the acquisition next week. It is only a matter of time before the merger officially goes through.