HP buys Palm for $1.2 billion

It was obvious someone would buy Palm, but I didn’t think Hewlett-Packard was the top contender. HP bought all of Palms stocks for $1.2 billion, and while there are plenty of transition details to work out, HP is definitely is getting the WebOS asset. Whether or not HP will invest to compete against Apple, Google, and Microsoft or simply use the WebOS for its tablets is unsure. We have to give them a few months to get all the details set.

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