Home › News ›

Palm Buyout Could Close This Week

Mar 20, 2007, 8:39 AM by (staff)

Palm, maker of the Treo smartphones, is expected to sell itself off this week, possibly as early as Thursday. The top bidders include two private equity firms, Texas Pacific Group and Silver Lake Partners, and two manufacturers, Nokia and Motorola. Palm is working with banking firm Morgan Stanley to close the deal, and is said to prefer selling to a private equity buyer. Nokia is considering bids in the $19 to $20 range, which is close to the $20 per share minimum that Palm is seeking. Motorola may enter the bidding process in an attempt to block Nokia from successfully acquiring the smartphone maker and thereby gaining some much-needed leverage in the U.S. market. Motorola's struggling handset business could also use the boost represented by adding the Treo phones to its portfolio.

more info at Reuters »

Motorola Launches Maker for Moto 360 Smartwatch

Motorola today added the Moto 360 smartwatch to its Moto Maker design tool. The online tool lets people design their own smartwatch, with some limitations.

Motorola to Close Texas Assembly Plant

Motorola today indicated it will close the Ft. Worth factory used to assemble custom-designed Moto X handsets by the end of the year.

Private Investors Buy OmniVision for $1.9 Billion

OmniVision has agreed to allow a consortium of private investors purchase the company for about $1.9 billion. OmniVision makes digital imaging products, such as camera sensors for smartphones.

Nokia Closes Sale of HERE Business to Car Companies

Nokia today said it has closed the sale of its HERE Maps business to a consortium of automobile manufacturers, including Audi, BMW, and Daimler. The sale leaves its telecommunications equipment unit as Nokia's core concern moving forward.

Uber Attempting to Hail HERE Maps with $3B Bid

Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.

Comments

This forum is closed.

This forum is closed.

Jorin

Mar 21, 2007, 9:59 AM

NOT MOTOROLA!

NEEEEEOOOOOOOOOOOOOOOOOOOOOOOOOOO!

Anybody out there agree it would be a huge mistake to sell to Motorola?

Versed

why? it probably be the best company to take them over. the product would survive. there are other good companies, htc, msft

...

buckeye12

Mar 20, 2007, 1:22 PM

Struggling?

Wait Motorola has a struggling handset business?

News to me lol

middlekid3058

It is no secret that Motorola has a struggling handset business. If you take out the 75MIL RAZR's sold and the US market, they are struggling GLOBALLY to top NOKIA in the market share race. I think you will also acknowledge the KRZR has not had the ...
(continues)

...

LatinoGeek

Mar 20, 2007, 9:06 AM

Nokia

Nokia could use Palm get better leverage here in the US. But seeing as they seem to be low balling Palm, I guess they aren't really serious about it.

Palm's future doesn't look to bright....

japhy

I agree about Palm having a dark tunnel ahead, but I don't know about Nokia not being serious. It would be a great business move for them, and a great way to get a good price is to pretend to be apathetic about the buy. They really don't need...
(continues)

SprintPCSGuy

If Nokia buys them, say goodbye to CDMA Treos.

...

SprintPCSGuy