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.

Reuters »

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

Samsung Refines its Foldable Phones

Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.

Hands On with the Motorola edge (2022)

Motorola has a new $500 phone and it's kind of a big deal. While Motorola has been successful with more affordable phones lately, not since 2017 have all of the big three US carriers offered a Motorola phone over $400.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Qualcomm Taps Iridium for Satellite Connectivity

Jan 5, 2023
Qualcomm has revealed Snapdragon Satellite , the company's solution for connecting Android phones directly to satellites for truly global coverage. The feature uses the Iridium network, a satellite constellation that has has been in operation for 25 years.

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

Mar 20, 2007, 11:17 AM

Motorola CAN'T buy Palm. How could they scuccessfully market Treos?

Moto likes to take all of the vowels out the names of their phones.

Treo would become "TR".

That just wouldn't work. 🤣

Rich Brome

Actually, Motorola just seems to like four-letter names, so TREO is perfect! 😉

...

Page 1 of 1