Motorola Mobility reports Q1 operating loss, says China is holding up closing of purchase by Google
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According to Motorola Mobility, it is China that is holding up the closing of its acquisition by Google. Both Motorola Mobility and Google said that it would work with Chinese authorities to get the $12.5 billion deal approved. Motorola Mobility says it hopes to have the deal closed before the end of the first half of this year.
Motorola Mobility and Google continue to work closely with the authorities in China for approval on the acquisition. The transaction has been investigated and cleared without conditions in all other jurisdictions with pre-closing clearance requirements. We continue to expect the transaction to close during the first half of 2012."-Motorola
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10 Comments
2. HugeTroller (banned) posted on 01 May 2012, 22:50 0 2
Gg Google, go back to China now for them to approve.
3. mas11 posted on 01 May 2012, 22:55 5 1
Screw China, if the U.S. and Europe approve who cares what China thinks.
4. JcHnd posted on 01 May 2012, 23:37 2 0
maybe cuz china is one of their biggest clients... they release phones specially for china... so think...
6. mas11 posted on 02 May 2012, 00:02 0 0
Yeah but these are two U.S. companies so it be up to the U.S. government. Do you really think the U.S. would have a say if these were two Chinese companies?
7. jcpwn2004 posted on 02 May 2012, 00:55 0 1
exactly, chinese gov't is being really lame here. Motorola should tell them to screw off. Most of the chinese population has a crap buying power anyways so all motorola is losing is low end handset sales which don't generate any profit anyways.
10. JcHnd posted on 03 May 2012, 19:28 0 0
Did nokia made any profit loss with the nokia 1100?... gotta think again... low wages means low price handsets sold mostly in countries with very large populations like china or russia... I think if motorola ignore china maybe they'll ban the brand from their country... now THAT is a lose in profit for them...
5. kanagadeepan posted on 02 May 2012, 00:02 0 0
May look like that... But really China is tooo big to ignore and Motorola has great market in China with lower end DualSIM (Cdma+Gsm) handsets and even higher end phones likr 4+variants of Razr_Maxx (13Mpx + HD screen remember)...
Further Motorola is NOT a problem for Chinese government, but they don't like the open-nature of Google (remember the search restrictions, maps, etc)....
But imho, they will approve the deal finally... If they are NOT willing (Chinese govt/authority), they would have stopped it much much earlier (than even EU and US approval)... They are just trying to show Google that "Google depends on them and NOT the other way around" and hence all this delay and tension creation... Further there is NOTHING much (imho) for them (Chinese govt/authority) to loss if the deal goes through...
Let us wait peacefully for the drama to complete...
8. Mxyzptlk posted on 02 May 2012, 02:23 0 0
Maybe it's a sign that Motorola should focus on quality over quantity, which they so desperately need right now. A partnership with Google won't really do much, what they need to do is add value.
9. Tux4g63 posted on 02 May 2012, 09:40 0 0
I am surprised no one has looked at the obvious here. China is probably holding up the deal because Apple has an entrenched presence already there. AND I would not be surprised if there was some backdoor politics going on with Apple leveraging their present existing relationship to hold up the Chinese government from signing off.
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