Google, Motorola Suffer Prolonged Period of Acquisition Investigation by China
When Google and Motorola originally announced plans for the former to buy the latter for $12 billion, they anticipated being able to close the deal before the first quarter of 2012 was over. We saw pretty much every antitrust regulation committee from pretty much every relevant country approve the deal, but China wasn’t so fast to pull the trigger on the red ink pen.
Unfortunately, we’re still not sure how long that’ll take. Motorola has sent a filing to the SEC informing them that China has prolonged their investigation of the proposed acquisition and must now move their target to the first half of 2012.
Even then, they’re not ready to guarantee even a sizable window for China to approve the deal. We’re sure they’re anxious to get this deal closed but they’re simply going to have to wait. [via Light Reading]