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.
>> Click here to read the rest of the story at eWEEK.com