HP Completes $1.2 Billion Acquisition Of Palm, Plans webOS Slate PCs And Netbooks

As widely expected following the approval by Palm shareholders, the acquisition of the company by Hewlett-Packard for roughly $1.2 billion has today been announced closed.

The price, as previously announced, is $5.70 per share of Palm common stock, paid in cash.

Once again, HP repeats that it intends to double down on the innovative webOS platform and Palm’s line of smartphone. The company neatly points out that it has also just bought itself a bag of intellectual property.

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