HP buys Palm
HP is acquiring Palm for $1.2 billion. The Palm blog reported the deal by saying "In case you didn't hear, we just announced a merger with a little shop down the street called HP", while the formal announcement stated that the companies had entered into a definitive agreement for HP to purchase Palm at $5.70 per share.
The Palm acquisition includes Palm's 1,500 strong patent portfolio built up from 1996 with the release of the Palm Pilot, through the release of the Treo mobile phones and up to the current generation of Palm Pre and Pixi mobile internet devices.
- Keeping the Web open and mobile, Palm's directors of developer relations interviewed by The H.