Google Inc is expected to win approval next week from European regulators, as well as from U.S. antitrust authorities, for its planned $12.5 billion purchase of Motorola Mobility, according to people familiar with the matter.Web search leader Google, which is buying the handset maker to boost its patent portfolio, is seen winning unconditional EU clearance for the deal, two people with knowledge of the matter said on Friday.The deal was announced last August.The U.S. Justice Department is also expected to approve the acquisition next week, two separate sources who are close to the antitrust review told Reuters on Thursday.
Google Inc. (Google) is a global technology company focused on improving the ways people connect with information. Shares of GOOG fell by 0.91% or $-5.55/share to $605.91. In the past year, the shares have traded as low as $473.02 and as high as $670.25. On average, 2998690 shares of GOOG exchange hands on a given day and today's volume is recorded at 2325170.
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