Palm woos Huawei, sources claim

Palm woos Huawei, sources claim
Palm approached China's Huawei Technologies in February for preliminary acquisition talks, sources told Reuters today.
Huawei was approached through its investment bank in mid-February to have preliminary discussions, which have so far not made any progress, the source told Reuters.
Sources also claim Palm has hired bankers to explore several options, including a sale of the company.
Huawei said in a statement: As a matter of policy, Huawei does not comment on speculation about possible mergers or acquisitions. Huawei is always open to consider opportunities that will further enhance its business development.
Written by Mobile Today
Mobile Today


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