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Search giant Google Inc. in April signed a deal in April this year to buy the 6,000 patents of defunct telecommunications firm for $900 million. Problem is the deal was subject to higher and better offers
At the end of June, a consortium that offered $4.5 billion, five times Google's opening bid, for the patents that are used or can be used for smartphone technology emerged the winning bidder at an auction that lasted three days. The consortium was comprised of entities like iPhone maker Apple Inc., Blackberry vendor Research in Motion Ltd., operating systems giant Microsoft Corp.
Although Google had enough cash that could have outbid the latest bid from the Apple-led consortium, it simply walked away.
Now Google's decision to simply bring home the at least $25 million break-up fee for opening the bidding and possibly the failure of its allies to form a consortium of their own could haunt Google if concerns raised in an investigation proves true
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