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It's been six long months since Google (Nasdaq: GOOG ) and Motorola Mobility (NYSE: MMI ) shocked the mobile world with the announcement of their newfound love. The happy couple felt it was ready to take their relationship to the next level, if only it could pass regulatory muster.
Well, Googorola, it looks like you may be getting closer to clearance to consummate. The best of luck to you both, especially since that $2.5 billion breakup fee that Big G would have had to fork over if you were forced to go your separate ways would have made Kim Kardashian jealous.
The Wall Street Journal is reporting that the U.S. Department of Justice is getting ready to clear the proposed $12.5 billion deal "as early as next week." On top of that, Reuters is separately saying that the European Commission is also likely to give its stamp of approval across the pond, with its decision deadline on Monday.
Don't forget that Motorola's actual business played little to no role in attracting Google's lustful eyes. The gadget maker just reported explosive earnings, except the only things blowing up were its losses. Motorola's trove of patents is the belle of this ball, as they've even been bringing tech giants Microsoft (Nasdaq: MSFT ) and Apple (Nasdaq: AAPL ) to their patent knees.
Motorola scored a temporary injunction against iDevices, although a German court has since dismissed that case entirely. It's also been hounding Microsoft in the country too with some success. Hello Moto, indeed.
Since this deal is all about patents, one of the lingering concerns continues to be how Googorola will proceed with Moto's patent strategy if the two are allowed to mate, since Motorola holds a number of patents that are essential to the industry. Google has reaffirmed that it plans on continuing Motorola's licensing strategy, as hypocritical as it may be.
Scoring approvals in the US and Europe would be big steps towards the finish line. The merger has cleared in Turkey and Russia, but we're still waiting on Canada, China, Israel, and Taiwan.
Stick with it, lovebirds. There's light at the end of the tunnel.
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