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Apple CFO: '$12.5 Billion is a Lot of Money'

Posted August 17, 2011 at 10:38pm by iClarified · 10075 views
Apple's Chief Financial Officer Peter Oppenheimer thinks Google spend 'a lot of money' to acquire Motorola, reports AppleInsider.

Peter Oppenheimer took part this week in a conference call hosted by investment firm Gleacher & Company. When asked about Google's announcement on Monday that it would acquire Motorola, the Apple senior vice president reportedly commented on the sale price by saying: "$12.5 billion is a lot of money."

Google's purchase of Motorola will give the company a whopping 25,000 patents which it desperately needs to defend its Android operating system against Apple, Microsoft, Oracle and others.

Google has publicly accused Apple of organizing a hostile campaign against Android and is trying to encourage the government to regulate the licensing of Novell's former patents.

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