Feeds

Chinese regulators still reviewing Googorola slurp

Officials giving no hint of whether approval will be forthcoming

The Power of One Infographic

China's Ministry of Commerce said this morning that its antitrust bureau is still looking into Google's bid to slurp Motorola Mobility.

"The investigations and reviews are still under way. Any news will be disclosed in a timely manner," MoC spokesman Shen Danyang said at a press conference, according to China.org.cn.

The deal has already been approved by the US and European authorities, but the two firms also need the nod from China sometime before 20 March.

According to Chinese anti-monopoly laws, multinational firms need the government's approval for any marriage if their combined global revenues are more than 10 billion yuan ($1.59bn) and if the prospective spouses got more than 400 million yuan ($63.47m) in sales revenues their last annual report, or if their last annual revenues were more than 2 billion yuan ($31m).

Regulators in Taiwan and Israel also have to okay the deal based on their laws.

The US and the EU have both approved the acquisition, but said they'd be keeping a close eye on how Googorola handled its patents.

China is unlikely to hold up the merger, but it might use its current position as a favour in the bank with American and European powers.

"What China is extremely good at is identifying opportunities that can be leveraged as bargaining chips," an IT industry analyst in Beijing told Reuters.

"Chinese companies have been rebuffed in a number of attempts to make acquisitions in the US market," he said. "Any time China can be in an opposite position and say, 'You had your concerns and shut it down'... This cuts both ways." ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.