HTC Interest in Palm Off the Table
Lenovo likely buyer of the ailing smartphone maker
A Reuters report today confirmed that HTC withdrew its interest in Palm after having a closer look at the struggling company's books, making Lenovo the likely bidder.
The report explained that buying Palm would give Lenovo the North American presence in the mobile market that it needs.
This all comes at a time when Palm CEO Jon Rubinstein insists that the company can manage on their own, saying that Palm is hard at work churning out new phones.
“I believe Palm can survive as an independent company,” Rubinstein told the Financial Times. “We have a plan that gets us to profitability.”
Whether that plan means creating new devices, licensing their webOS or implementing a third, unannounced plan of attack is uncertain. Reuters estimated Lenovo would have to offer the ailing company at least US$ 1.3 billion given the current 30 percent premiums paid on tech companies.
Palm's stock has declined significantly from a September high of US$ 18.09, closing at US$ 4.86 yesterday.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Red Hat Releases RHEL 10 Early
Red Hat quietly rolled out the official release of RHEL 10.0 a bit early.
-
openSUSE Joins End of 10
openSUSE has decided to not only join the End of 10 movement but it also will no longer support the Deepin Desktop Environment.
-
New Version of Flatpak Released
Flatpak 1.16.1 is now available as the latest, stable version with various improvements.
-
IBM Announces Powerhouse Linux Server
IBM has unleashed a seriously powerful Linux server with the LinuxONE Emperor 5.
-
Plasma Ends LTS Releases
The KDE Plasma development team is doing away with the LTS releases for a good reason.
-
Arch Linux Available for Windows Subsystem for Linux
If you've ever wanted to use a rolling release distribution with WSL, now's your chance.
-
System76 Releases COSMIC Alpha 7
With scores of bug fixes and a really cool workspaces feature, COSMIC is looking to soon migrate from alpha to beta.
-
OpenMandriva Lx 6.0 Available for Installation
The latest release of OpenMandriva has arrived with a new kernel, an updated Plasma desktop, and a server edition.
-
TrueNAS 25.04 Arrives with Thousands of Changes
One of the most popular Linux-based NAS solutions has rolled out the latest edition, based on Ubuntu 25.04.
-
Fedora 42 Available with Two New Spins
The latest release from the Fedora Project includes the usual updates, a new kernel, an official KDE Plasma spin, and a new System76 spin.