Latest in Acquisition

Image credit:

Google exec calls Android acquisition its 'best deal ever'

Share
Tweet
Share
Save

Sponsored Links

It's easy to forget at this point, but Android wasn't a Google creation. Google bought the company in 2005 for an undisclosed sum (estimated to be around $50 million) and, well, let's just say things worked out pretty well for them. How well? Google's vice president of corporate development, David Lawee, told attendees at the Stanford Accel Symposium this week that the acquisition was quite simply Google's "best deal ever." Lawee further went on to note that he did have some initial skepticism about the deal, and recalls saying "I hope this guy does something" after seeing Andy Rubin around the building for two years. The fact that Rubin actually stayed after the acquisition eventually did inspire some confidence, however, with Lawee adding that it's obvious when a deal doesn't work out "because the people leave."

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Fitbit is reportedly in the early stages of exploring a sale

Fitbit is reportedly in the early stages of exploring a sale

View
Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

Tilta mods Blackmagic's Pocket Cinema Camera with a tilt screen and SSD

View
Three Mile Island's infamous nuclear plant shuts down after 45 years

Three Mile Island's infamous nuclear plant shuts down after 45 years

View
Samsung asks users to be extra careful with the Galaxy Fold

Samsung asks users to be extra careful with the Galaxy Fold

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr