Motorola Says China Still Reviewing Google Acquisition
Motorola today revealed in regulatory filings that its acquisition by Google is to receive an additional round of scrutiny from China regulators. The deal has already been approved by European and U.S. regulators, and is awaiting only China's approval before the acquisition can be completed. Motorola said it still believes the deal will close by June, though it cautioned, "Motorola Mobility and Google can provide no assurances as to whether or when the transaction will receive clearance." The acquisition was first announced in August 2011.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.
China Approves Nokia's Alcatel-Lucent Acquisition
Nokia's attempt to acquire Alcatel-Lucent has cleared another hurdle now that it has won approval from China's Ministry of Commerce. The anti-monopoly body will allow the proposal to move forward under certain conditions, which mostly pertain to licensing standard essential patents.
EU Approves Facebook's Acquisition of WhatsApp
The European Union has blessed Facebook's proposed acquisition of WhatsApp. The deal, announced in February, is worth about $19 billion and is Facebook's largest.
Facebook Finalizes WhatsApp Acquisition
Facebook today closed its acquisition of WhatsApp. The deal, announced earlier this year, is valued at $19 billion.