Palm has been up for sale for a few weeks now with speculation about HTC and other various mobile phone companies buying it.
We hear now that HP are to buy Palm. HP confirmed that they are paying $1.2 billion for the company which works out at $5.70/share and 23% higher than Palm’s stock price yesterday.
Purchasing Palm would get HP more in to the mobile arena and allow the company to develop and carry on building the webOS platform. [Read more…]