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China Approves Google Acquisition Of Motorola

5/21/2012 08:45:25 AM Eastern
New York - Google and Motorola overcame the final regulatory hurdle in its planned $12.5 billion acquisition of smartphone maker Motorola when the Chinese government gave its approval to the deal.

 Following February approvals by the U.S. and European Union, the maker of the Android OS is clear to finalize its purchase of Motorola and put itself in  competition with the handset makers that license Android. To assuage handset vendors concerned about competing with the company that supplies Android, Google has said it would let Motorola operate independently.

Google announced the deal last year in a bid to acquire Motorola patents to build its patent portfolio and protect the Android ecosystem from competitors' patent claims.

Motorola said it expects the deal to close in days.
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