CAT | Palm
Lenovo – with Huawei and ZTE reportedly out of the picture – may be the most likely to bid for ailing smartphone-maker Palm, according to a report. Palm, meanwhile, insists it can still be just fine on its own – thank you very much – but would consider licensing out its webOS platform. Palm is also working on new smartphones to complement the Pre and Pixi.
HTC, Nokia, Motorola and Research in Motion have all been named as companies that might benefit from purchasing smartphone-maker Palm, which has struggled for some time to keep a foothold in the market it initially helped create.
However, an April 23 Reuters reported finds that Lenovo appears to be the most likely candidate to place a bid.
Smartphone maker Palm has put itself up for sale, and will begin fielding offers from buyers this week — sources close to the matter tell Bloomberg.
Palm’s stock jumped 32 percent last week with rumors that computer-maker Lenovo and cellphone manufacturer HTC were eying the company for purchase. Now we’ve learned that those rumors are true, and that Lenovo and HTC may make offers soon.