- MOFCOM’s Anti-Monopoly Investigation on Google/Motorola Mobility Concentration is on the Way
- March 16, 2012
- Law Firm: Grandall Law Firm - Beijing Office
MOFCOM hosted a press conference on Feb 16th, 2012, in which it announced updates and news on Chinese business affairs for the previous month of January 2012.
In the announcement, Google’s recent acquisition of Motorola Mobility Holdings Inc came to focus. Shen Dan Yong, a spokesperson from MOFCOM, confirmed that the Anti-Monopoly Bureau of MOFCOM was continuing its investigations of the American internet search giant’s recent take over of Motorola Mobility and is still yet to make a decision regarding its approval.
According to media reports, Google has already received ratification from the U.S. Department of Justice and European Commission DG Comp concerning its acquisition which is worth $12.5 billion, of which for Google, has been the biggest acquisition by far in the company’s history.
Statistical reports also show that the take over has also been the biggest acquisition of the last 10 years in the wireless devices industry.While the investigation carries on and its outcome remains pending, Shen noted that any updates or decisions made by the Anti-Monopoly Bureau of MOFCOM would be promptly published to the public.