Google Purchases Motorola Mobility for $12.5 Billion
Last month Apple and Microsoft teamed up to buy a batch of mobile-phone patents from Nortel for $4.5 billion. Google competed in the auction, but made crazy bids—and then abruptly pulled out at the end. Its official explanation was that the price was too high. But now it seems possible that Google never wanted the Nortel patents to begin with—and just hoped to drive up the price and force its rivals to overpay.