HP completed Palm's acquisition at $5.70 per share

HP said that "it has completed its acquisition of Palm Inc. at a price of $5.70 per share of Palm common stock in cash."The combination gives HP significant headway into one of technology's fastest-growth segments with Palm's innovative webOS platform and family of smartphones, plus a rich portfolio of intellectual property from the smartphone pioneer. […]

HP said that "it has completed its acquisition of Palm Inc. at a price of $5.70 per share of Palm common stock in cash."

The combination gives HP significant headway into one of technology's fastest-growth segments with Palm's innovative webOS platform and family of smartphones, plus a rich portfolio of intellectual property from the smartphone pioneer.

HP's global scale and financial strength plus Palm's award-winning webOS experience, as well as its acclaimed Pre and Pixi smartphone product lines, enhance HP's ability to participate more aggressively in the highly profitable, $100 billion smartphone and connected mobile device markets.

"With HP's full backing and global strengths, I'm confident that webOS will be able to reach its full potential," said Rubinstein.

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