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China clears Google to buy Motorola Mobility

Chinese antitrust authorities required Google Inc. to keep its Android mobile-device software broadly available to manufacturers as part of its approval of the internet search giant’s purchase of Motorola Mobility Holdings Inc., a move that underscores Beijing’s increasing sway in global deal making.

The approval pushes the USD12.5 billion deal over its last regulatory hurdle and helps better position Google in its competition with Apple Inc. over dominance in the fast-growing world of smartphones and tablet computers. Antitrust authorities in the US and Europe already have given their blessing to the merger.

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(Source: The Wall Street Journal Online)