Google Looking for Chinese Approval for Motorola Deal

The search giant has already celebrated its success in two fronts regarding the approval of its Motorola Mobility’s acquisition – the company has gained approval of US and European regulators for its approaching acquisition of Motorola Mobility earlier this week. The company is now looking forward to get approval from Chinese authorities to move ahead.

The Vice President & Deputy General Counsel of Google, Don Harrison commented on the EU’s approval that it is “now just waiting for decisions from a few other jurisdictions before we can close this transaction,” including China.

According to Reuters, a representative from the Chinese Commerce Ministry said that they are investigating the $12.5 billion deal to ensure whether the deal will monopolize any of the firm’s status in the country.

According to Chinese law, any business that generates revenues over $1.55 billion (10 billion yuan) per annum, of which $62 million generates from China, must get government approval before it can be purchased.

Reuters recent report that the investigation is underway is a positive sign. However, Google told that it filed application last year and is still waiting for an approval from Chinese authorities:

We filed in September and are awaiting review.

An argument rose last year as the search giant didn’t file its application when the deal was first announced in August. Although, China was not initially mentioned by Google as a market where it would need to gain approval initially, but was indirectly referenced when Google said in a statement that the deal was “subject to customary closing conditions, including the receipt of regulatory approvals in the US, the European Union and other jurisdictions, and the approval of Motorola Mobility’s stockholders.”

Given that the deal is granted its essential approvals worldwide, the search giant is hoping to get its hands on a host of new technology and proficiency. Apart from mobile business, the acquisition will open the doors for set-top boxes, other hardware and most importantly 17,000 registered patents with 7,500 still pending.

The search giant said in a blog post that the “deal will not change our commitment to run Android as an open platform,” however, it will help company to promote its Android platform – the world’s most used mobile operating system.

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