Palm's Potential Acquirers Include HTC, Microsoft, Dell and LenovoBy eWEEK Staff | Posted 2010-04-13 Email Print
Reports are saying that embattled Palm which was spun off by 3Com a few years back, is giving up and putting itself up for sale. Among the potential suitors are Google phone maker HTC, Lenovo, LG, Dell, Microsoft, ZTE and Huawei.
Smartphone maker Palm is seeking bids to be purchased, Reuters reported April 11, citing people familiar with the situation.
According to Taiwan’s Economic Daily News, HTC, which makes Google’s Nexus One phone, among other popular models, is said to be open to discussions about acquiring Palm.
Goldman Sachs and Qatalyst Partners have reportedly been enlisted to find a buyer for Palm, which has been struggling to turn around its fortunes since the June 2009 launch of the Palm Pre on the Sprint network. At the time, all parties hoped they had an "iPhone killer" on their hands, but the story played out differently.