Google hasn't requested an approval for the Motorola deal yet, says China, but it should
Google hasn't done so regarding its Motorola deal, said a Ministry spokesman. The folks from Mountain View clarified while on the acquisition conference call, that the deal will be subject to regulatory approvals in the US, Europe and other jurisdictions as well.
The other required threshold is for the company to have at least $1.5 billion global revenue, so both companies definitely fit on that front as well. Thus Google falls under the requirement to ask for the Chinese approval on its buyout of Motorola, which, given how it stood up to Chinese attempts for censorship of its search results recently, might get on its nerves.
1. PeterIfromsweden posted on 24 Aug 2011, 07:00 1 2
Who cares about chinese communist law anyway ?
2. June (unregistered) posted on 24 Aug 2011, 07:22 3 0
I suspect Chinese citizens might be concerned.
5. remixfa posted on 24 Aug 2011, 09:46 0 0
whats the worst that could happen? they give a temp ban on moto android phones in china? blah. They will reach a backroom deal that makes everyone "happy".
3. dandirk posted on 24 Aug 2011, 07:54 2 0
Could be an issue, China is the fastest growing consumer market right now. I think they just surpassed the US in computer purchases.
4. paultrekker posted on 24 Aug 2011, 08:01 1 0
Don't you get it guys? They want to make sure this deal won't hinder their routine in monitoring every email, sms, search or any other form information you put, send or receive on the internet. All major info tech companies like google know that and what the chinese communists are doing. These companies just don't want to reveal it yet coz they want their big share in the china market..