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Image header Agence Europe
Europe Daily Bulletin No. 11110
Contents Publication in full By article 21 / 38
ECONOMY - FINANCE / (ae) competition

Lenovo's acquisition of Motorola Mobility gets go-ahead

Brussels, 27/06/2014 (Agence Europe) - On 27 June, the European Commission gave the go-ahead to the acquisition of Motorola Mobility Holdings LLC of the US by Lenovo Group Limited of China. Motorola Mobility is a supplier of smart mobile devices. Lenovo manufactures and markets desktop and notebook PCs, workstations, servers, storage drives, and IT management software. The Commission concluded that the proposed acquisition would not raise competition concerns in relation to smart mobile devices (smartphones and tablets), given the limited market position of the parties and the presence of other strong suppliers in the market. The Commission adds that the proposed transaction will not lead to shutting out competitors from the market for smart mobile devices, given the limited number of (not standard essential) patents acquired by Lenovo as a result of the merger and the limited size of Motorola Mobility's smart mobile device business. (EL)

Contents

EUROPEAN COUNCIL
SECTORAL POLICIES
ECONOMY - FINANCE
EXTERNAL ACTION
COUNCIL OF EUROPE
INSTITUTIONAL
CALENDAR OF EVENTS