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Apr 28, 2010

HP Buys Palm for $1.2 Billion

Palm Pre

After months of speculation, smartphone maker Palm has finally found a buyer. HP has said it will buy Palm for approximately $1.2 billion.

The move will give HP a foothold in the fast-growing smartphone business, at a time when HP rival Dell has its own smartphone available on AT&T.

Palm’s chairman and CEO, Jon Rubinstein, a former Apple executive, will remain with the company, says HP.


Read More http://www.wired.com/gadgetlab/2010/04/hp-buys-palm-for-12-billion/#ixzz0n5HYFiuH

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