Filings Show Google Raised Motorola Bid by $3 Billion
Details of the acquisition deal come out
A new regulatory filing released Tuesday is revealing all the juicy details of last month’s Google-Motorola deal — like how Google ended up paying billions more than it had anticipated, despite the absence of competing bids.
The filing reveals how, in the wake of Google’s failed bid for Nortel’s patent portfolio, the company’s senior vice president of mobile Andy Rubin reached out to Motorola Mobility CEO Sanjay Jha to discuss Motorola’s patents. The proposed patent acquisition soon turned into takeover talks.
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