Google said that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings. |||
Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, th e last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola's valuable patents and pave the way for a pairing of Google's Android mobile software and Motorola's handset business.
Google may have announced its $12.5 billion acquisition of Motorola Mobility last August and gained approval from both EU and US authorities but it’s taken until today for the search... Read Post
Having received final approval from Chinese authorities at the weekend, Google has announced that its $12.5 billion acquisition of Motorola Mobility (MMI) has finally closed, with Dennis Woodside becoming the company’s... Read Post