Google wins Chinese approval for Motorala bid
May 22 , 2012
Chinese regulators have approved Google's $12.5 billion purchase of U.S. phone maker Motorola Mobility.
The move was the final hurdle to a deal that would allow the world's number one Internet search engine to develop its own line of tablets and smart phones.
U.S. and European regulators approved the deal in February.
A main condition of the Chinese deal is that Google must keep its mobile software, Android, free for other device makers for up to five years.
It also gives Google access to more than 17,000 of the company's patents.