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Breaking News: HP to acquire Palm.

Journeyman

Breaking News: HP to acquire Palm.

http://dealbook.blogs.nytimes.com/2010/04/28/h-p-to-buy-palm-for-1-2-billion/

HP will announce today at 5pm that they will buy struggling cellphone & device maker Palm for $1.2 BILLION dollars.

Confirmed by Engadget.

http://www.engadget.com/2010/04/28/hp-buys-palm/

The deal is planned to close by July 31, which marks the end of HP's third fiscal quarter of the year. Current Palm CEO Jon Rubinstein is "expected to remain with the company," though it's not said in what capacity. There'll be a call to discuss the acquisition in more detail (well, we hope in more detail) at 5PM ET, so we'll keep you abreast as we learn more.

HP saves Palm & WebOS. Looks like there is more to this story as it breaks.

2 REPLIES 2
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Journeyman

Re: Breaking News: HP to acquire Palm.

palm will never die. this is awesome news. it is all of the tickers. bout time they got into the computer game. i know they will be rebranded though. cant win em' all

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Wizard

Re: Breaking News: HP to acquire Palm.

This is indeed good news. WebOS will have a great future and I can see developers starting to jump on the platform. I can only hope that Sprint will carry future HP/Palm devices.

dd

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