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Chinese Anti-Monopoly Bureau Reviewing Google’s Motorola Acquisition Bid

Chinese Commerce Ministry spokesman revealed that the Ministry is reviewing the $12.5 billion acquisition of Motorola Mobility Holdings Inc. by Google.

The spokesman, Shen Danyang, in a regular press briefing stated that Anti-Monopoly Bureau of the Commerce Ministry is investigating into the deal. However, Danyang also mentioned that this review is just a routine procedure of any acquisition.

According to Chinese law, those enterprises that has business in China and earns 10 billion yuan ($1.55 billion) yearly revenue globally and 400 million yuan in China must have government approval for an acquisition proposal.

The spokesman stated, "It is still in the process of checking and verification of relevant issues and we will release any news of development in a timely manner," reported Reuters.

On the other hand, Google's spokesman stated that the Chinese review has been "filed in September and are awaiting review."

European and U.S. regulators have already approved the acquisition stating that the regulators will keep a check on Google's movement for ensuring that those patents which are important and critical for telecom industry is licensed at fair rate.