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Palm makes eyes at possible purchasers
Mobile Devices
Written by Danrok   
Monday, 12 April 2010 19:09

From The Register:

Palm's CEO Jon Rubinstein hinted, when the firm announced a poor outlook during its last quarterly results, that he would be open to acquisition offers. Now the Pre maker is courting buyers more actively, hiring Goldman Sachs and Qatalyst Partners to seek offers as early as this week, according to Bloomberg.

The news service cites people familiar with the matter, and Palm shares leapt by eight per cent on the reports, though only in a few trades. This is the culmination of months of takeover talk, but while few disagree that Palm now needs a buyer to survive, it is less clear who will take the plunge.

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