Android maker Google Inc. has disclosed that the reason behind its recent $12.5 billion acquisition of the US based mobile giant Motorola, afterall, was not only the ample amount of patents it was pocketing with the deal but, the Mountain View based search juggernaut was also very much interested in the rich hardware standards Motorola was offering.
This rather interesting revelation has been made by Eric Schmidt, the acting chairman of the company during a question and answer session at the Salesforce.com conference held on Thursday.
"We did it for more than just patents. The Motorola team has some amazing products,"
Schmidt said during the conference.
It is worth noting here that Google bagged some 17,000 plus patents with the Motorola acquisition deal. However, still many industry experts openly raised questions wondering what on earth made Google spend as much as $12.5 billion just for the sake acquiring mere technology alone. But, it seems like Mr. Schimidt’s explanation has finally resolved the queries of all the sceptics.
Beyond this, Google is also all set to gain from tax benefits of near about $1 Billion following Motorola’s US operating loss and a further $700 Million due to loss in foreign countries.