Shareholders Approve Palm Acquisition

June 28th, 2010 by Arjan Olsder Posted in Platforms: WebOS | No Comments »

PalmDuring a special meeting, Palm’s shareholders have approved the acquisition of Palm by PC giant HP. The board of Palm had already agreed on the acquisition by the company.

HP is expected to become the official owner of Palm by July first. HP will be buying the Palm shares at $5,70 each. The total deal is valued $1.2 billion and marks a huge change in the history of Palm.

HP has been building smartphones for ages and at some point also had their own version of Apple’s iPod. HP’s main interest is expected to be WebOS but it is not exactly clear what the company will do with it. New WebOS devices seem to be in development but it might also be that HP wants to license out WebOS or make it open source to grab hold of the smartphone OS market.

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    Arjan Olsder is the Vice President of Pixalon Studios. Opinions expressed on this publication do not have to represent those of Pixalon Studios.


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