Google wins Chinese OK for Motorola bid

Chinese regulators have approved Google’s $12.5 billion purchase of US phone maker Motorola Mobility, the final hurdle for the deal to go through. It has already won clearance from US and European regulators. The acquisition would be Google’s biggest ever.

Chinese authorities said Google must keep its mobile software, Android, free for other device makers for up to five years.

Google’s purchase of Motorola Mobility allows it to move into the manufacturing of phones and tablet computers for the first time. It also gives Google access to more than 17,000 of the company’s valuable patents, which will help it defend itself and Android phone manufacturers in patent disputes.

Posted by on May 21 2012. Filed under Articles, Business, M&A, Mobile.

Search Archive

Search by Date
Search by Category
Search by keyword
Copyright Advanced Television Ltd © 2001-2014