Monday, May 17, 2010

HP-Palm deal the result of a five-way bidding fight

<img align='left' src='http://photos.macnn.com/news/1005/palmpixiplus-keynote.jpg' border='0' width='176' height='120' />HP's buyout of Palm was the result of a heated battle between several companies, an SEC filing revealed today. Five companies reached the point of bidding for Palm between February 17 and April 1, and at least two of these were dropped two weeks later as more competitive bids were already on the table. Between then and the 24th, HP and its main challenger were engaged in a bidding war that ended when the losing bidder added negative terms to its bid and at one point offered only to buy patents and a webOS license....

[ Full story from MacNN | The Macintosh News Network ]

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