Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

China Clears Google's Motorola Takeover

China was last regulatory hurdle to $12.5B buyout

By Mark Russell,  Newser Staff

Posted May 20, 2012 6:44 AM CDT

(Newser) – Google's $12.5 billion bid for Motorola got the OK from Chinese authorities yesterday, the last regulatory obstacle in the online giant's quest to move into mobile phone production, reports Reuters. A condition for China's approval requires Google to keep its Android software free and open for at least five years.

Google announced the move to acquire the mobile manufacturer and its 17,000 patents and 7,500 patent applications last August, and won European and US regulatory approval in February. "Our stance since we agreed to acquire Motorola has not changed, and we look forward to closing the deal," said Google's spokeswoman; Motorola separately predicted the deal would close early next week.

FILE --  In a Monday March 22, 2010, file photo men walk past the Google China headquarters in Beijing, China.
FILE -- In a Monday March 22, 2010, file photo men walk past the Google China headquarters in Beijing, China.   (AP Photo/Ng Han Guan/file)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
8%
54%
15%
15%
0%
8%
To report an error on this story, notify our editors.
COMMENTS
Showing 1 of 1 comment
chillette
May 20, 2012 7:21 AM CDT
Better get busy with your Chinese wife Zuckerberg. 
 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne