China OKs Google's Motorola deal

Reuters, May 21, 2012

Last Saturday, Google stated that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, Reuters reported. U.S. and European regulators already gave their go-ahead to the deal in February, leaving only the Chinese regulators as a last hurdle to overcome.

One principal condition in the deal is that the Android system remains free and open for five years, said a source. "We are pleased that the deal has received approval from all jurisdictions and we expect to close early next week," Motorola spokeswoman Jennifer Weyrauch-Erickson said.