The HP Palm
Contrary to rumors about Levono buying Palm, it was announced today that HP will purchase the struggling cell phone provider. HP and Palm, Inc. (NASDAQ: PALM) today announced that they have entered into a definitive agreement under which HP will purchase Palm, a provider of smartphones powered by the Palm webOS mobile operating system, at a price of $5.70 per share of Palm common stock in cash or an enterprise value of approximately $1.2 billion. The transaction has been approved by the HP and Palm boards of directors. The combination of HPs global scale and financial strength with Palms [...]