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Innovation

Palm is putting itself up for sale with help from Goldman Sachs

Palm Inc. has just made the stunning announcement that it is putting itself on the market, looking for buyers this week. Anyone interested?
Written by Rachel King, Contributor on

Palm Inc. has just made the stunning announcement that it is putting itself on the market, looking for buyers this week. Anyone interested?

Palm isn't selling itself alone as the mobile device maker is enlisting the help of Goldman Sachs and Qatalyst Partners. According to Bloomberg, potential buyers right now include HTC and Lenovo. Dell said no.

This news isn't entirely shocking as Palm's stocks and profits haven't been too stable in the last year, even with the relatively popular Palm Pre and Pixi smartphones. But at least the company is trying to stay alive by finding a new owner, rather than holding out until they simply go out of business.

It will also be interesting to see what the buyer (like HTC or Lenovo) will modify or change about Palm to reinvigorate the brand name, like perhaps developing additional mobile products or entirely different gadgets.

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