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Palm Acquisition: HTC and Lenovo Interested

Following on from our recent article that Palm shares could be worth worthless in a year’s time, we have since learned that the maker of the Pre and Pixi has been seeking bids. According to recent reports, HTC and Lenovo are interested in the acquisition of the troubled phone maker.

According to Bloomberg, Palm is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners in the hope of securing a buyer. HTC and Lenovo are not the only companies thinking of making an offer – but are the only ones that we know off.

Those of do acquire Palm will have the fantastic webOS – often considered the best mobile OS on the market. Palm is a great brand with great technology, it just needs a push from a bigger player – HTC is certainly one of them.

Shares of Palm increased last week following speculation of a takeover bid, but the value of the company is much lower than it has been in recent years. Whoever buys Palm will be getting a great deal – maybe Nokia should consider it and replace its aging mobile OS with webOS.



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