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Billionaire investor Carl Icahn on Google’s deal to buy Motorola Mobility Holdings for $40 a share in cash.
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Ours is Motorola mobility ticker symbol and and -- shares are soaring.
To an all time high today after Google announced plans to buy the company for twelve and a half billion dollars the deal allows Google to access.
Thousands and thousands of patents held by Motorola I mean that's a currency in enough itself and the big winner in this deal.
Billionaire investor Carl Icahn that He is a man who helped push Motorola to split its business in two parts.
To unlock shareholder value he's got a stake in Motorola mobility of about 11% or so Carl Icahn joining us now in a first on Fox Business interview.
By phone good to hear from you Carl thanks for joining us -- is thought it would.
Well look there are -- -- home runs in this day and age for anybody that you hit head doozy today -- you question.
And as as my mother would say no -- Motorola to unlock value for shareholders today it's a huge payday how vocal were you most recently to management to basically do something like this.
Well we've really got but we didn't act as but it's a great that it pleased I think it back to best we got to look quite well aware of but.
-- -- -- Over the last couple years we were intra battle of work well with buoyed by a different country and has post CEO.
Targeted by Bob Bennett.
It -- -- -- up and I think.
Such a -- a lot of the credit of about but most of it for -- bringing this spiel about they have but.
Obviously we we had the last few -- but.
But pulpit -- -- that we something with that there patent portfolio because of both valuable.
But so that it -- but that -- on -- Well you -- about 11%.
Of Motorola mobility at what price did you buy your -- shares.
-- I mean it's it's I'm being obvious here we just want to what kind of payday He had.
Dad I was in a good payday from Friday the bond that that's where you don't -- -- the don't have many weekends.
You're about you think about a lot of money but up you know we we couldn't reputed have -- but the real interest -- -- was so well be actively supports that.
How like I really do believe that does.
With -- been able to do this if you had don't have that -- -- -- it out but I don't think anybody.
-- what the whole public spoke.
That's been -- that we bought for a ten day trip back to -- -- that have worked out really well.
And and could prevent blood because you get -- it was sometimes you do get these buckets but they about a parent.
We talked about a couple years -- this stock the old stock both of well.
I've been here is that the is we dollars per day today that people -- -- But -- and I have.
So you've -- -- 2300%.
Pulled it out I guess three or 45.
-- that was actually a risk but that was the value of its billion dollars and -- best.
You know but part of the west -- have the company that does pay twelve you however.
-- ability.
-- ought to be -- -- greatest tests I do think though that Google beta approach.
It sounds like it and we'll get to that patent portfolio -- a minute but will you continue to hold these shares.
Well not a question over IP I think there's still hope.
-- spoke -- a couple of.
Now so much of this MMI the company part of it was this patent portfolio we talked about that mean one -- number 171000.
Patents people are saying.
Of all the companies out there apple might be most nervous now that Google has these patents could Google could then use them to up the android anti against the I found.
Is that a good characterization.
Well I mean I I think I'm -- -- expert they can't.
I'm.
That that has thought about could really caught on that but I think who -- -- what they're doing and I think this would break.
Repurchased or -- they've they've -- -- portfolio I think there's quite.
Cheap relative to what I want you know they're not really paid 1230 is there is -- -- -- -- three they have -- eating -- to get this set top boxes.
But that to get that -- but it right there -- that as it is it is operating companies that we spent.
Over billions of dollars -- this -- but it getting that for Greece so I think but look I think I big.
This be a -- -- -- and I think the fifth grade very spread -- com or shareholders but I think people quit quit.
Big I think who spoke did pretty well -- through but what they want.
You you call this a no brainer Carl let you know not okay.
