Apple CFO Reacts to Google/Motorola Deal

oppenheimer thumb20110803 Apple CFO Peter Oppenheimer participated on a conference call hosted by investment firm Gleacher and Company earlier this week. During the call, a participant asked Oppenheimer about Google's $12.5 billion proposed acquisition of Motorola Mobility:

$12.5 billion is a lot of money.

The Motorola acquisition is by far the largest by Google and many times larger than the biggest deal Apple has ever participated in: the acquisition of NeXT in 1997 that brought Steve Jobs back to the company. Apple paid $429 million in cash and 1.5 million shares of stock in that purchase.

Apple had more than $76 billion in cash at the end of the most recent quarter. Before the Motorola purchase, Google reported $39 billion in cash.

Top Rated Comments

chrmjenkins

126 months ago

I'm pretty sure he's saying "I think they overpaid" without actually saying it.

Score: 35 Votes (Like | Disagree)

huggyb

126 months ago

wow people, way to NOT read into the sarcasm from Pete there.

Score: 15 Votes (Like | Disagree)

QuarterSwede

126 months ago

$12.5 billion is a lot of money.

No S***.

This is a story!?

Score: 15 Votes (Like | Disagree)

blyan

126 months ago

Indeed Peter. $12.5B is a lot of money. Glad we're on the same page.

Would that be Larry?

Nyuk nyuk nyuk.

Score: 14 Votes (Like | Disagree)

Northgrove

126 months ago

Wow. I had no idea Google just used up a third of its total cash reserves in that deal. I know it was a major purchase, but that.... Yes, that is a lot of money. A long time of Android sales.

Score: 13 Votes (Like | Disagree)

Apple...

126 months ago

Apple has never spent more than a billion on a company? Good job. :cool:

Score: 11 Votes (Like | Disagree)

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