China Continues to Investigate Google, Motorola Mobility Pact

By

Since last August, search engine giant Google has been trying to buy struggling Motorola Mobility for $12.5 billion to complement its mobile software expertise. But, antitrust regulators around the world are delaying this deal by continuing to probe this multi-billion acquisition pact.

Although, the company had some luck last month in Europe when the EU regulators gave the deal a green signal, the Chinese antitrust regulators have extended their investigation into Google’s $12.5 billion purchase of Motorola Mobility. The two companies are calling it the last hurdle before it can be completed, reports Bloomberg.

In a regulatory filing on Monday, Libertyville, Ill.-based Motorola Mobility said, “China’s anti-monopoly bureau has expanded its second phase of the investigation,” wrote Bloomberg reporters Brian Womack and Hugo Miller.

Even though the two companies are expecting the transaction to close by the first half of the year, they cannot provide any assurance that it will be approved by China, wrote Womack and Miller.

According to the Bloomberg report, the Google-Motorola acquisition pact has been approved by regulators in Europe, the U.S. and some other countries around the world. Hence, as per the report, China looks like the last hurdle for this $12.5 billion purchase deal.

Facing legal battles over Android smartphone software, Google is counting on taking advantage of the 17,000 and more patents held by Motorola Mobility, wrote Womack and Miller. The data compiled by Bloomberg indicates that Google-Motorola deal is the largest in this decade.

Meanwhile, Mybroadband.com reports that upcoming Google-Motorola partnership has pushed Korean consumer giant Samsung towards BlackBerry maker Research In Motion (RIM). As a result, Samsung will use the BlackBerry 10 operating system (OS) developed by RIM in future Samsung smartphones, reported Mybroadband.




Edited by Tammy Wolf
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

View the Masters Tournament from New Perspective Provided by IBM

By: Greg Tavarez    3/30/2023

IBM and the Masters introduced two innovative new features as part of the Masters app and Masters.com digital experience.

Read More

Small Businesses Gain Confidence with Mastercard Easy Savings on McAfee Security Solutions

By: Greg Tavarez    3/29/2023

McAfee and Mastercard expanded their partnership to offer Mastercard Business cardholders automatic savings on online protection solutions from McAfee…

Read More

Through OpenAI Plugins, ChatGPT Can Officially Access the Internet

By: Alex Passett    3/28/2023

OpenAI released plugin features for ChatGPT that enable it to connect to third-party sites, in essence granting it access to the internet past its pre…

Read More

Complete Guide to Passwordless Login

By: Contributing Writer    3/27/2023

Passwordless login is a security method that eliminates the need for traditional passwords by using alternative means to verify a user's identity. Thi…

Read More

What the Fall of Silicon Valley Bank Means for the Future of Venture Capital

By: Special Guest    3/27/2023

With a projected recession on the horizon, venture capitalists were already pulling back on new investments and concentrating on solidifying their exi…

Read More