Bloomberg is reporting that Palm is up for sale. According to “three people familiar with the situation” they state Palm is currently working with Goldman Sachs and Qatalyst Partners to find a buyer – rumours are that both HTC and Lenovo are interested in picking them up. Palm came out swinging and rebuilt themselves by launching their new webOS platform and introduced the world to the Palm Pre.
There is no word on what they will sell for, but recently analysts targeted the stock to hit $0.00 and it’s currently around the $5.00 mark. Palm CEO Jon Rubinstein denied the rumours last week and week sales by stating “it may take us a while, but we will work our way through this, and we’re continuing to invest very heavily in engineering on both webOS development and on new product development.”
More here at Bloomberg
