Regulators in China have approved the multi-billion dollar purchase of Motorola Mobility by Google. The particulars have already been approved in the US and elsewhere, and China has been the lone holdout. With that bit of dirty business behind them, the deal can now go forward. In statements released to Bloomberg Motorola and Google both confirm the news, and are looking forward to getting the loose ends tied up in short order.

We expect things to stay unchanged between Google and Motorola, as we've heard numerous times that Motorola will remain an independent entity. Only time will let us know how that turns out. It will be an interesting summer, that's for sure.

Source: Bloomberg; Thanks, Alexander!