Deals
Google Wins Final Needed Approval for Motorola Mobility Purchase
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Google Inc. won approval from Chinese regulators for its $12.5 billion purchase of Motorola Mobility Holdings Inc., clearing a final hurdle for a deal that boosts its patents portfolio and steps up competition with Apple Inc.
“We are pleased the deal has received approval in all jurisdictions,” Motorola Mobility said in an e-mailed statement yesterday, confirming that the transaction has been approved in China. “We expect to close imminently.”