Motorola auto unit sale gets US antitrust nod

Newswire

WASHINGTON, May 30 (Reuters) - U.S. antitrust authorities said on Tuesday they had approved plans by German tire and car parts maker Continental AG to acquire Motorola's automotive electronics business for $1 billion. Officials have completed their investigation of the deal without taking any action, the Federal Trade Commission said in a notice. Continental has said adding Motorola's business, which had worldwide sales of nearly $1.6 billion in 2005, would double overall sales at ...

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