This came out of nowhere, especially after Jon Rubinstein’s Fortune interview 2 days ago. According to Bloomberg, the company is now up for sale and is seeking bids for the company as early as this week. Unlike some people I don’t expect HTC to acquire them (I can’t see any reason for them to do that given their current sitution with Android and Windows Phone)…anything’s possible though..
The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because the sale isn’t public. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may be potential bidders, said the people. Dell Inc. also looked at Palm, though it decided against an offer, according to two of the people.
Source: Bloomberg
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Use this as the final check before ordering a phone, changing network or trusting a headline monthly price.
