Almost immediately after Google lost the bidding for a package of Nortel patents that the search giant dearly wanted, it moved on to Plan B and contacted Motorola to see what it had for sale. Less than six weeks later, Google's blockbuster acquisition came together -- but only after Google raised its purchase price. Twice.
In a sign that the Google-Motorola deal could face heavy antitrust scrutiny, Google included an unusually high breakup fee in its deal terms, according to a document filed to the Securities and Exchange Commission on Thursday.
At least there was no place to go but up: When Sanjay Jha joined Motorola as chief of its cellphone business in 2008, the division was losing billions and on the verge of failure. The RAZR phone's success had evaporated, Apple's iPhone had revolutionized the industry, and the recession was pounding down demand. The division's employees were depressed and cynical, having seen 10 presidents in 12 years. Jha's assignment was to fix the business.