Tech: Google Receives Green Light to Acquire Motorola
Chinese authorities have approved Google’s S$12.5 billion acquisition of Motorola Mobility Holdings, which will make the search engine giant company the newest entrant to the competitive mobile phone business.
The acquisition was mooted by Google in a bid to secure Motorola’s valuable patents. Google wants phone-maker Motorola for its 17,000 patents and 7,500 patent applications, as it looks to compete with rivals such as Apple and defend itself and Android phone manufacturers in patent litigation.
According to a source, a main condition of the deal is that the Android operating system remains free and open for the next five years.
Earlier the US and European regulators has approved the deal.
Commenting on the approval, Motorola spokeswoman Jennifer Weyrauch-Erickson said: “We are pleased that the deal has received approval in all jurisdictions and we expect to close early next week.”