Snag in Google’s Motorola plans?

Internet giant has not yet applied for purchase approval in China

Tags: ChinaGoogle IncorporatedMergers and acquisitions
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Snag in Google’s Motorola plans? The Chinese Commerce Ministry has said that it has not yet received any paperwork for regulatory approval from Google Inc on its planned $12.5bn purchase of Motorola Mobility.
By  Georgina Enzer Published  August 24, 2011

Google has not yet applied for approval for its Motorola Mobility take-over bid from China's Commerce Ministry, according to Reuters.

The Ministry said it had not yet received any paperwork for regulatory approval from Google Inc on its planned $12.5bn purchase.

Under Chinese laws, enterprises that run businesses in China and that earn annual revenues of $1.55 bn globally and $62m in China must seek government approval for a planned acquisition.

"The ministry has so far not received any application for an anti-monopoly review," Shen Danyang, a spokesman at China's Commerce Ministry told Reuters.

On Wednesday night Google said that the deal is subject to regulatory approvals in the United States, the European Union and other jurisdictions.

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