China says Google has not sought approval on Motorola bid

Reuters News
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Posted: Aug 24, 2011 12:00 PM

BEIJING (Reuters) - China's Commerce Ministry said it had not received an application for regulatory approval from Google Inc on its planned $12.5 billion purchase of Motorola Mobility Holdings.

Under Chinese laws, enterprises that run businesses in China and that earn annual revenues of 10 billion yuan ($1.55 billion) globally and 400 million yuan in China must seek government approval for a proposed acquisition.

(Reporting by Langi Chiang and Koh Gui Qing; Editing by Jonathan Hopfner)