Chinese regulators finally approve Google takeover of Motorola
Tuesday, May 22, 2012/
Google’s proposed takeover of Motorola Mobility has cleared a major hurdle after gaining regulatory approval from competition regulators in China.
The Wall Street Journal reports that the approval represents the last major regulatory hurdle to the $US12.5 billion deal.
However, a key condition on the approval is that Google continues to maintain free and open access to the Android smartphone platform for the next five years, preventing Google from granting exclusive access to the platform to its new subsidiary.
The acquisition, first announced in August last year, gives Google access to Motorola’s extensive patent portfolio and potentially allows the smartphone maker a “fallback” option should key smartphone partners such as Samsung abandon Google’s version of Android.
The news represents the last major hurdle to the takeover after US and EU regulators granted approval for the deal in February.
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Pet-food lickers and changing-room strippers: Why you’ll never sell to people you don’t understand Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder