Motorola buyout still costing Google millions

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The search engine spent almost $350 million on the restructure of Motorola and charges related to the acquisition

Google spent $349 million in the third quarter of this year incorporating Motorola into its business.

Most of the search engine’s expenditure on acquisitions went on Motorola. Of the $317 million spent on ‘acquisition related intangible assets’, $182 million was as a result of the acquisition of the telecommunications company. $109 million of this was allocated to Google, and $73 million to Motorola.

Motorola revenues were $2.58 billion in the third quarter, and it had, according to general accounting principles (GAAP), an operating loss of $527 million. Its non-GAAP operating loss was $151 million.

Earlier this month, Google increased its estimate of the costs of restructuring Motorola from $275 to $300, to take into account areas outside of the US.

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