The official press release on Google investor relations verifies that Google will spend $40.00 per share for an entirety sum of around $12.5 billion US Dollars which is a 63% premium to the closing price of Motorola Mobility shares on Friday, August 12, 2011″.
Now Google is planning is to run Motorola Mobility as a separate business which leftovers one of the licensees of Android. According to Larry Page’s post on the official Google blog “Nothing will change for the Android platform which will remain open for all hardware partners”.
Furthermore Larry Page, the chief executive of Google, said: "Motorola Mobility’s total commitment to Android has created a natural fit for our two companies.
"Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers."
"Google, throughout Android, has aided democratize the smartphone, by making handsets accessible that are extremely cheaper to purchase than the iPhone and a lot of those Android-phones, contrived by the likes of HTC and Samsung, are actually extremely excellent, even though they haven’t turn out to be part of the zeitgeist in the way the iPhone has.