6/28/2010 11:08:00 AM
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
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.