Thursday, August 25, 2011

#Google has yet to apply for #China approval of motorola mobility deal- The Inquirer:
ADVERTISING BROKER Google hasn't sought approval from China for its plan to buy Motorola Mobility.
China's Commerce Ministry said it had not received an application for regulatory approval from Google following the announcement that it planned to snap up Motorola Mobility for $12.5bn. While Motorola Mobility is a US company, it is a registered business in China and under Chinese law any firm that makes more than 400m yuan in China annually must seek government approval for proposed acquisitions.
Reuters reports that Shen Danyang, a spokesman for China's Commerce Ministry said, "The ministry has so far not received any application for an anti-monopoly review."

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