The Anti-Monopoly Bureau of the Chinese Commerce Ministry is reviewing Google’s acquisition of Motorola Mobility. Chinese law requires government approval for acquisitions involving companies with businesses in China that earn annual revenues of 10 billion yuan ($1.6 billion) globally and 400 million yuan ($63.5 million) in China.
Google had filed with China in September 2011. By March 20, the government will either approve the acquisition or start a third phase of review.
Source: Chicago Tribune
Related content: China’s Merger Control Policy: Patterns of New Developments (Xinzhu Zhang, Chinese Academy of Social Sciences, Global Economics Group & Vanessa Yanhua Zhang, Renmin University of China, Global Economics Group)
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