China Approves Google Motorola Mobility Merger
symbolset writes "CNET is reporting that China has approved Google's acquisition of Motorola Mobility. Previously approved by regulatory authorities in the U.S. and Europe, China was the last holdout. The deal will now reportedly close 'within days.'" I wonder what conditions Google may have faced from the regulators, and whether they include any exceptions to the "don't be evil" guideline.
It used to be you just had to get FTC approval for a merger.
Then the EU started to throw its weight around and got in on the act.
So now, China has to approve global mergers, too?
Is there a full list of approval authorities?
Do Brazil, Russia, India, and South Africa (4 of the BRICS) also need to approve? All 200 or so countries of the world?
Or is it a game of chicken where if a podunk country says "You can't merge without our permission", a company will just say "Bye," but they can't say the same for huge markets?
I'm not a lawyer, but I play one on the Internet. Blog