CNBC Says, "Palm Shareholder Expects Motorola Deal Soon"

Posted by Chris Leckness on Mar 22, 2007

closeThis post was published 2 years 8 months 20 days ago. This info might have changed or might have become outdated.

Wow, this would really surprise me. It makes more sense than Nokia buying them, but still.

A major Palm shareholder told CNBC he expects Motorola to announce as soon as Thursday a deal to acquire Palm for roughly $2 billion.

The shareholder, who preferred not to be identified or have his stake disclosed, confirmed that Morgan Stanley was contacted by Palm in January to shop the troubled hand-held device maker and that the process intensified a couple of weeks again.

That was when Motorola finally got into the game, this shareholder said. Prior to that, negotiations were limited to Nokia and two private equity firms, Silver Lake Partners and Texas Pacific Group.

Source : CNBC via Gizmodo

Chris Leckness (4382 Posts) - Website | Twitter | Facebook


Chris Leckness is the Owner/Administrator of Mobilitysite. He is a Microsoft MVP, Mobile Devices and a member of the exclusive focus group, Mobius. Chris has been a big time supporter/user of Windows Mobile since the Dell Axim days when it was Pocket PC 2002. Chris loves Zune, but also owns 3 iPhones too. His personal blog is chris.leckness.com.

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