We often hear about how China's
merger review "diverges" from other jurisdictions, most recently in
reaction to conditional approvals of the Seagate/Samsung and Western
Digital/Hitachi mergers. But China's MOFCOM is merely doing its homework.
Similar to "fusion"...
This past February the US
Department of Justice ("DOJ") and European Commission
("Commission") cleared Google Inc.'s acquisition of Motorola Mobility
Holdings Inc. without any conditions. In contrast, on May 19, 2012 the Chinese
Ministry of Commerce ("MOFCOM"...