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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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Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

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He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

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