China Approves Google’s Acquisition Of Motorola Mobility
When Google acquired Motorola Mobility for $12.5 billion, it was subject to government regulation. The U.S. and European governments approved the acquisition, but the government in China was still reviewing it up until now. Google spokeswoman Niki Fenwick has confirmed that the Chinese authorities have approved of the deal, which means that the search giant can finally conclude the deal.
Google can now manufacture their own devices. Google previously worked with HTC and Samsung to release their own Nexus-branded smartphones. After Google received approval from the European Commission and U.S. Department of Justice, there was some controversy around the company for not filing an application initially.
According to Chinese law, any business that generates revenues in excess of $1.55 billion per year ($62 million from China) must receive government approval before it can be acquired. After the deal closes, Google will have full access to over 17,000 patents that Motorola owns.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry