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Google, RIM, Lenovo, and Apple among bidders for Palm

Patents bigger sell than the hardware

| Mobile Devices News | Posted: Jul 16, 2010 2:27 am

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Palm's making news, even after being acquired by HP. It seems that the bidding war included all of the major mobile players; including Lenovo, Google, RIM, and even Apple. According to a source for Business Insider, RIM was originally on the fast track to winning the war and "had to work incredibly hard to blow it," initially outbidding HP they dropped their $6-7 per share offer to $5.50 and HP made their winning $1.2 billion counteroffer. Google and Apple were mostly interested in the patents and intellectual property to keep them out of each other's hands, but Google wasn't aware of Apple's offer (which ended up being half of HP's winning bid) and never made a serious offer of their own.

 

NEWS SOURCES:Businessinsider.com

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