China Greenlights Nokia Siemens' Motorola Acquisition
China's Ministry of Commerce has approved Nokia Siemens Networks' planned acquisition of a slice of Motorola's wireless networking business. The deal, first announced in 2010, has already been approved by U.S. and European regulators and was delayed over intellectual property issues brought up by Huawei. Those issues were settled in recent weeks. China's regulatory body was the last roadblock holding up the deal. The companies said they plan to close the acquisition by April 29.