China Clears Google’s Motorola Acquisition | Tech NEWS

Written by Tech NEWS

Topics: General

Chinese antitrust regulators approved Google’s proposed acquisition of Motorola on Saturday. The deal, first announced in August 2011, makes Google the owner of Motorola Mobility, and is valued at .5 billion. The acquisition has already cleared regulatory hurdles in the U.S., the European Union, and other markets. Approval from China was the last step needed before Google could finalize the acquisition. The companies expect that the deal will close early next week.

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