Report: China reviewing Google-Motorola merger

Report: China reviewing Google-Motorola merger

Summary: Country's antitrust regulator looking at Google's proposed acquisition of Motorola Mobility, according to report.

SHARE:

Chinese antitrust regulator is currently conducting a review of Google's purchase of phonemaker Motorola Mobility and have until March to approve or conduct another round of review, according to a report.

Reuters reported on Thursday that China's Anti-Monopoly Bureau is now reviewing the US$12.5 billion deal as part of a routine acquisition process.

The bureau's spokesman Shen Danyang said in a press briefing: "[The review] is still in the process of checking and verification of relevant issues and we will release any news of development in a timely manner."

The newswire cited a source close to the matter as saying that China has until Mar. 20 to decide if it will approve the deal or start a third phase of review.

A Google spokesperson told Reuters that it had filed for approval of the deal with China in September and was waiting for the review.

According to Reuters, companies running businesses in China and earn annual revenues of 10 billion yuan (US$1.55 billion) globally and 400 million yuan in China must seek government approval for a proposed acquisition. The Internet company has other business in China even though it moved its search business to Hong Kong in 2010.

This week both U.S. and EU have approved of Google's purchase of Motorola.

Topics: IT Employment, Government, Government Asia, Legal, China, Hong Kong

Liau Yun Qing

About Liau Yun Qing

The only journalist in the team without a Western name, Yun Qing hails from the mountainy Malaysian state, Sabah. She currently covers the hardware and networking beats, as well as everything else that falls into her lap, at ZDNet Asia. Her RSS feed includes tech news sites and most of the Cheezburger network. She is also a cheapskate masquerading as a group-buying addict.

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion