Right after Google bought Motorola [in 2012], I invited [Google
executive chairman] Eric Schmidt to have a dinner at my house. I
told him, “If you think you want run the hardware business, you
can keep the business; but if you are not interested in the
hardware business, we definitely can handle that, take over that.”
He remembered that, and two months ago, he sent me an e-mail. I
called him back, and he asked me, “Are you still interested in
Motorola?” I said, “Definitely.” We started to discuss it. I went
to Silicon Valley many times. [Google CEO] Larry Page invited me
to his house to have a dinner. Very quickly — in just two months
— we closed the deal.
In other words, right around the time when they started dotting the i’s and crossing the t’s on the deal to acquire Nest.