Google hasn't requested an approval for the Motorola deal yet, says China, but it should

Google hasn't requested an approval for the Motorola deal yet, says China, but it should
Under Chinese law, every company, such as Motorola or Google, which does business in the country with more than 400 million yuan revenue from there, has to submit any proposed acquisition for regulatory antitrust approval with the Commerce Ministry.

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.

source: Reuters

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5 Comments

1. PeterIfromsweden

Posts: 1230; Member since: Aug 03, 2011

Who cares about chinese communist law anyway ?

2. June unregistered

I suspect Chinese citizens might be concerned.

5. remixfa

Posts: 14605; Member since: Dec 19, 2008

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

Posts: 187; Member since: Aug 04, 2011

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

Posts: 1; Member since: Aug 24, 2011

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..

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