Google Detail Out Its $12.4 Billion Motorola Mobility Acquisition In SEC Filing

Posted on Jul 25 2012 - 2:48pm by Editorial Staff

Google just only a week ago had announced its second quarter results with revenue $12.21 billion, EPS was of $8.42 on 331 million diluted shares, but company today in its SEC filing (via TechCrunch) stated clearly that how it paid $12.5 billion for Motorola Mobility, the company that Google acquired back in May. The filing says that for intellectual property, Google paid $5.5 billion which includes “patents and developed technology.” $2.9 billion attributed for cash acquired, while $2.6 billion was for goodwill. Another $730 million goes for customer relationships and the last $670 million that makes the price tag $12.5 billion for other net assets acquired.

Google’s CEO recently stated during Q2 2012 results that Motorola now a part of the Google family: “Google standalone had a strong quarter with 21% year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus 7 tablet, which has received rave reviews,” said Larry Page, CEO of Google. “This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”

Sounds interesting how the big picture coming up for such a biggie acquisition. Hope it works well for Google.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.