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February 16, 2012 06:51 pm GMT
Google has overcome two big regulatory hurdles in getting its $12.5-billion acquisition of Motorola Mobility approved by both U.S. and European regulators. China now has until March 20 to decide whether or not it will wave through the deal, too.Now, China's Anti-Monopoly Bureau is now reviewing the deal -- a routine part of the procedure for companies that make more than 400 million yuan ($63 million) in China and 10 billion yuan ($1.6 billion) globally. (Google reported revenues of nearly $38 million for 2011.) And some think that China might use the opportunity to get Google to bring back its search business to the Mainland from Hong Kong.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n6LTDNEfEhk/
Not So Fast, Google: China Wants A Look At Your Motorola Deal First
Google has overcome two big regulatory hurdles in getting its $12.5-billion acquisition of Motorola Mobility approved by both U.S. and European regulators. China now has until March 20 to decide whether or not it will wave through the deal, too.Now, China's Anti-Monopoly Bureau is now reviewing the deal -- a routine part of the procedure for companies that make more than 400 million yuan ($63 million) in China and 10 billion yuan ($1.6 billion) globally. (Google reported revenues of nearly $38 million for 2011.) And some think that China might use the opportunity to get Google to bring back its search business to the Mainland from Hong Kong.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/n6LTDNEfEhk/
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