5/21/2012 10:39:13 AM
China gives go-ahead for Google/Motorola Mobility merger
Google has cleared the final hurdle in seeking approval for its $12.5bn acquisition of Motorola Mobility after the Chinese Ministry of Commerce granted the merger conditional approval.
The deal, which was agreed in August 2011, has already been approved by the US and European competition authorities. The Chinese approval required Google to keep its Android operating system open for the next five years. In a statement, the Ministry of Commerce said: 'At the end of the five years, the Ministry of Commerce will continue to assess the state of the Chinese smartphone operating system market.'
Once the deal is completed, Google will be able to tap into Motorola Mobility's extensive portfolio of 17,000 existing patents and 7,500 patent applications. While it has received regulatory approval elsewhere, some bodies have still expressed reservations. When it approved the merger, both the US Justice Department and the European Union Competition Commission said concerns remained about how Google will use its new patents.
Editor: Graeme Neill