European Union approves Sony Ericsson, Motorola deal

Motorola has been poised to take a 50% stake in Sony Ericsson (NYSE: SNE)’s mobile OS, UIQ, for some time now. Motorola (NYSE: MOT) wants to be half-vested partners in Sony Ericsson’s UI Holdings BV, the parent company of UIQ Technology AB. The last obstacle keeping Moto from sharing the UIQ limelight with the Japanese Swedish venture was the European Union’s approval of the partnership deal.

Well, Moto just got some good news in the EU’s greenlighting of the deal with the European Commission’s blessing. The EC found no antitrust tie-ups with the deal and has given the go-ahead for Motorola buy into UI Holdings and should clear the way for more innovative UIQ offerings from the mobile phone manufacturing duo.

We can’t wait to see what Motorola and Sony Ericsson will bring in 2008.

[Via: AP]