
Google to Buy Motorola Mobility
Today Fox Business is reporting U.S. and European regulators approved Google Inc's $12.5 billion purchase of Motorola Mobility on Monday and said they would keep a sharp eye on the web search giant to ensure patents critical to the telecom industry would be licensed at fair prices. The U.S. Justice Department also approved an Apple Inc -led consortium's purchase of a trove of patents from bankrupt Canadian company Nortel Networks.Both the Justice Department and European antitrust authorities said that they would monitor how patents are used to ensure they comply with antitrust rules. Antitrust enforcers on both sides of the Atlantic are concerned that patents essential to ensuring communications devices sold by different companies work together are licensed for a reasonable fee.