Comment Re:Why? Patents. (Score 3, Informative) 102
Motorola had significant cash and tax offsets, making the effective price about $ 3bn.
see https://www.quora.com/Why-did-Google-buy-Motorola-for-12-5-billion-and-sell-it-off-for-2-91-billion :
"And what of Google’s supposed $10bn loss? It’s a misreported myth calculated by subtracting Motorola’s $2.91bn sale price from its $12.5bn purchase. What it misses are the $3.2bn Motorola had in cash, $2.4bn saved in deferred tax assets and two separate Motorola unit sales totalling $2.5bn in 2013. Factor in Lenovo’s purchase against roughly $2bn of Motorola losses during Google’s ownership and Google has still only paid $3bn for what it retained: $5.5bn worth of Motorola patents and the company’s cutting edge research lab."