News by Dan Seifert on Saturday May 19, 2012.
|Sponsored links, if any, appear in green.|
Google has now cleared the last hurdle in its efforts to purchase Motorola Mobility, as regulators in China have approved the $12.5 billion acquisition.
Following approvals from the U.S. government and regulators in Europe, China was the last entity standing in the way of Google closing the deal. Initially announced in August of last year, Google's purchase of Motorola Mobility will provide the search company with access to 17,000 patents related to mobile technology and make it a real hardware manufacturer.
The Chinese government attached one stipulation to its approval: Google must continue to offer the Android operating system to other smartphone and device manufacturers free of charge for at least the next five years. Google had already promised that Motorola will be run as a separate company, and the internal Android team at Google will not co-mingle with the acquired Motorola teams.
Now that Google has obtained approval from China, the purchase is expected to close sometime early next week.source: AP
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.