Palm shareholders approve HP takeover

Palm shareholders approve HP takeover

Palm shareholders gave the green light to IT giant HP’s takeover on Friday.

Their approval brings HP’s plans to launch a major assault on the smartphone and connected devices market one step closer. The deal is expected to close on 1 July following the approval.

HP and Palm announced the £788m acquisition in April, when it was approved by the boards of directors of both companies.

HP will use Palm to lead its march into the smartphone and interconnected devices markets. The company has plans to use Palm’s OS platform webOS on new portfolios of smartphones, laptops, tablets and other devices.

Written by Mobile Today
Mobile Today


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