Snag in Google’s Motorola plans?
Internet giant has not yet applied for purchase approval in China
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.