China Clears Google’s Motorola Mobility Deal
Google said Saturday that Chinese antitrust authorities have cleared the Internet giant’s proposed purchase of Motorola Mobility Holdings Inc., pushing the $12.5 billion deal over its last regulatory hurdle.
Google, a Silicon Valley giant that built its business on Web services, startled the tech industry last August by saying it would buy the company, a much older, Illinois-based maker of mobile devices and other hardware.