Google deal for Motorola finalised
It was though that the deal for Google to buy Motorola was all over last year, but it had one significant hurdle to overcome and that was China. Motorola is a great American tech company that has driven the mobile revolution, with a track record of over 80 years of innovation, including the creation of the first cell phone. Now Google won approval from Chinese regulators for its $12.5bn (£7.9bn) purchase of Motorola Mobility earlier this week, and Google co-founder Larry Page confirmed in a blog post that the deal has now closed.
This is the largest wireless-equipment deal in at least a decade, now Google becomes a competitor to the other handset makers that make Android devices. In addition to Motorola Mobility phones, the software is used in handsets made by companies such as Samsung and HTC. As part of the approval, Google needs to ensure that Android software versions are free and open over the next five years, China’s Ministry of Commerce said in a statement on its website. Google will report to an independent monitor in China on its efforts to comply with terms of the deal approval, according to the website.