Feeds

Chinese regulators still reviewing Googorola slurp

Officials giving no hint of whether approval will be forthcoming

Security for virtualized datacentres

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." ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.