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HP Completes Palm Acquisition

Posted on July 1, 2010
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Hewlett-Packard has completely acquired Palm following the approval of the latter’s shareholders. The deal price reportedly amounted to US$1.2 billion, or $5.70 per share of the Palm common stock, paid in cold cash.

Former Palm chairman and CEO Jon Rubinstein will transfer Palm’s global business unit to Todd Bradley, EVP of the Personal Systems Group at HP.

HP reps say that the company intends to make use of Palm’s innovative webOS platform and its smartphone line, so expect a bunch of webOS-based PCs, netbooks, and probably even printers, in the coming months.

Source: TechCrunch

 
 

Comments

 
[...] The announcement comes as a huge let down for tech observers who still hope the highly-acclaimed webOS software get the mainstream recognition it deserves, especially after HP acquired webOS creator Palm. [...]
[...] News After acquiring Palm and its webOS, HP announced that the mobile OS will be rebranded as HP webOS 2.0. This announcement [...]
[...] Hewlett-Packard has completely acquired Palm following the approval of the latter’s shareholders. The deal price reportedly amounted to US.2 billion, or .70 per share of the Palm common stock, paid in cold cash. Former Palm chairman and CEO Jon Rubinstein will transfer Palm’s global business unit to Todd Bradley, EVP of the Personal Systems Group at HP. HP reps say that the company intends to make… Read More » [...]
HP Completes Palm Acquisition on July 2, 2010 at 12:09 am
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