Google bought Motorola for $12.5B, sold it for $2.9B, and called the deal ‘a success’

[Zach Epstein]

Rarely does a company offload a $12.5 billion purchase for less than $3 billion and call the deal "a success," but that's exactly what Google's head of mergers and acquisitions Don Harrison called the Motorola deal. In an interview with Forbes, Harrison did the math on the deal and said that in the end, Google came out on top. We explained as much in our recent coverage of the deal, but the basic idea is that the sale of Motorola's home business, cash on hand, deferred tax assets and the $2.91 billion Google received from Lenovo mean that in the end, Google paid less than $3.5 billion for Motorola's patent portfolio, which it retained after the sale.

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Via BRG - Boy Genius Report