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Google’s deal to buy Motorola approved by China
twenty.05.2021 [12:48],
Vladimir Mironenko

Last August, Google announced its acquisition of Motorola Mobility. The deal, worth $ 12.5 billion, has not yet been completed, although it received approval from the US and EU regulators. Only China until today could not decide on its attitude to the purchase of Google, which, however, is not surprising given the conflict between the authorities and the search giant, which, according to the government, two years ago, by canceling search filtering, violated the agreements that opened access to the Chinese market.

Note that, according to Chinese laws, any business that generates more than $ 1.5 billion in revenue (10 billion yuan) per year, of which more than $ 62 million (400 million yuan) is earned in China, can be sold only after approval by the country’s government.

AFP News Agency Announces Regulatory Approval Of China’s Multi-Billion Dollar Deal. The agency’s message was then confirmed by Google spokesman Niki Fenwick. Now, according to AFP, Google can come to grips with the production of mobile devices.

It should be noted that this opinion is not shared by all experts. Many believe that after the approval of the deal for the purchase of Motorola Mobility, the corporation will try to sell the production of mobile equipment to someone from well-known vendors, for example, Huawei. There are also suggestions that Google plans to further implement Motorola’s TV set-top box division.

Related materials:

  • Google buys Motorola Mobility for $ 12.5 billion;
  • Motorola Mobility purchase met with support from Google partners;
  • Google is interested in the hardware business, so it is unlikely to sell Motorola.

A source:

  • AFP

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