The value of the patents is the question. The definition of Fair Market Value is the price determined between a willing buyer and a willing seller. The proposition that all Google was ever really wanted from Moto was its IP seems self evident. Google was willing to buy the Home and Phone hardware operations to get the IP. Google was under no constraint or duress. Like other major players in the phone space it had a need to own enough IP not to be a target for constant demands. The financial press suggested for the outset that Google intended to sell both hardware operations. It delayed the sale of phone production to gain additional intangible value, IP. The price it paid for the IP after netting out the dollars received for the unwanted assets is the very definition of FMV.