HP takes over Palm for $1.2 Billion

Posted in HP by Conner Flynn on April 29th, 2010

Palm has fallen quite a long way since those heady days before the Palm Pre was actually offered. HP has now bought Palm for $1.2 Billion. That’s about $5.70 per share of Palm stock. This will help HP get some firm footing into the mobile segment, with Palm’s entire patent history at their disposal. Can we expect some HP phones as soon as within the next two years?

The deal will be official by July 31 2010 and the Current CEO of Palm, Jon Rubinstein might be staying.

[Engadget]

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