Breaking: Chinese Authority Approved Google’s $12.5 Billion Motorola Mobility Deal

Posted on May 19 2012 - 6:28pm by Editorial Staff

Yesterday we have seen one big news of time – the social giant IPO – but today, even right now, big news rounding up last, August Google acquired Motorola Mobility in one of the biggest deal of time in $12.5 billion. AFP is reporting that Chinese authorities have approved Google’s acquisition of Motorola Mobility – Yes they did it – bringing the search giant closer to complete its biggest deal ever. The deal was cleared on Saturday, Google spokesperson told the publication.

Going back to the story, after suspending the hearings by EU regulators early last December to seek more information about Google’s acquisition of Motorola Mobility, the commission set February 13 as a deadline for the mulling the deal – and both European Commission as well as U.S. Department of Justice approved Google’s proposed acquisition of Motorola Mobility, which the company announced in August and what awaits is China’s approval and today the story moved further with Chinese government approved.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.