Motorola's plan to sell its wireless network business to Nokia Siemens Networks has been put on hold by Chinese antitrust officials.
Under the $1.2 billion deal announced last summer, Nokia Siemens Networks will acquire the unit from Motorola Solutions. But approval of the acquisition is hitting a snag in China, where antitrust regulators have extended their review period by 60 days, Motorola said today.
Antitrust approval is needed in each market affected by the deal, according to Bloomberg, and all other approvals were received by the end of last year.
When the deal was first announced last July, … Read more