Saturday, May 19, 2012

China clears Google, Motorola merger: Deal to close 'within days'




Chinese antitrust and competition regulators have cleared Google's move to acquire Motorola Mobility for $12.5 billion, completing the worldwide regulatory review process.


A Google representative confirmed that the Chinese government had given the merger the green light. The deal is set to close early in this coming week.


The deal had to be approved by a series of regulators around the world, not limited to the United States and Europe.


The U.S. Justice Department and European Union regulators cleared the deal in February, leaving Israel, Taiwan, and China to mull over the merger.


China was the last hurdle in the chain of regulators to approve the merger. A second phase of the review caused the investigation to be delayed, as tensions between Google and the Chinese continued to stir.


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