Fresh on the heels of putting the brakes on the ATT/T-Moble merger, the U.S. Department of Justice has asked Google for more information about its planned $12.5 billion purchase of Motorola Mobility, potentially slowing the transaction, Google said in a blog post Wednesday. Google received a so-called “second request” from the DOJ asking for more details with which to evaluate the deal. The acquisition is Google’s largest ever and would marry the top search company with one of the biggest sellers of Android-based devices.
“While this means we won’t be closing (the deal) right away, we’re confident that the DOJ will conclude that the rapidly growing mobile ecosystem will remain highly competitive after this deal closes,” Google said in a post on its Public Policy Blog. It called the request “pretty routine.” Its dominance of the search market means Google is no stranger to regulatory scrutiny. Its acquisitions of AdMob and ITA Software, among others, were examined closely, and the Justice Department also reviewed its settlement with publishers over Google Books. Google said last month it would buy Motorola Mobility, a move that will bring it a large patent portfolio and give it control over the development of some Android-based devices.
With all the messes this current DOJ has created, (anybody remember gitmo trials in NYC, Mexican gun-running or how about Arizona's immigration laws? ), shouldn't they just step back, chill, and let our Tech sector create the jobs America so badly needs at this point in time? Are the only jobs this administration wants to create "green jobs" like the ones at Solyndra? Is the Obama admin really this inept? What do you think? Is massive government regulation and interference the way to create jobs today? Are we really stuck in this horrible cycle until we elect new leadership in Washington D.C.? In my opinion, this current team of ham-fisted politicians at the top are really stuck in reverse... Please email me with your thoughts, I always love the feedback...
