In July 1888, Brown and Peck negotiated a licensing deal with George Westinghouse for Tesla's polyphase induction motor and transformer designs for $60,000 in cash and stock and a royalty of $2.50 per AC horsepower produced by each motor.
How much did Westinghouse pay for Tesla's designs?
$60,000 in cash and stock and a royalty of $2.50 per AC horsepower produced by each motor