HP Grabs Palm for $1.2B To Expand Mobile Strategy (NewsFactor)

[Mgtrben news]

NewsFactor - After rampant speculation about HTC and Lenovo acquiring Palm, the ailing handset maker is finding a home at a company that wasn't mentioned as a heavy contender: Hewlett-Packard. On Wednesday afternoon, HP announced plans to acquire Palm for about $1.2 billion, or $5.70 a share.

Source (http://us.rd.*****.com/dailynews/rss/tech/*http://news.*****.com/s/nf/20100429/bs_nf/73048)