Regulators in China have extended their probe of proposed $12.5 billion Google Motorola deal, reports Bloomberg.
The Google Motorola deal is under second phase of investigation by China’s Anti-Monopoly Bureau. Google has stated that the proposed deal would only help consumers by offering them more choices and help in increasing healthy competition in the market.
Both, Google as well as Motorola, are expecting the proposed sale to be completed before June this year, however, they are still unsure of getting approval for the deal in China.
The Google Motorola deal was announced last year. It has already been approved in Europe, theUSand some other parts of the world. However, Motorola Mobility needs the approval in China and Taiwan.
Google is keenly awaiting for completion of the deal to be able to draw on over 17,000 patents from Motorola Mobility. Experts believe, if completed, this would be the largest wireless-equipment deal in at least a decade.
“We continue to work closely with regulators in China on their review of our planned acquisition, which will enhance competition, bringing consumers faster innovation and more choice,” said Taj Meadows, a Tokyo-based spokesman for Google, to Bloomberg.