Google Admits Fixing Motorola Will Cost More Than It Thought

titanic digital domain

Photo: screencap

Firing enough people at Motorola, which Google bought for $12.5 billion, is going to cost more than Google thought, Claire Cain Miller reports.The new total is $300 million. Google will also spend another $90 million shutting down Motorola factories and  exiting markets.

All that is going to show up in Q3 results for the company.

Noting that Motorola has lost money for the last four years in a row, venture capitalist MG Siegler can’t stop cackling over the news: “The hits just keep coming from the Google/Motorola deal. The $12.5 billion deal is now actually well past$13 billion in costs.”

“Google bought the Titanic. And they bought it when it was already underwater.”

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

google motorola sai-us