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PalmSource Deal Fuels Takeover Talk

Stock quotes in this article: PSRC , SNE , PLMO , MSFT  

Shares of PalmSource (PSRC Quote) got a shot in the arm on Tuesday when former corporate sister PalmOne(PLMO Quote) renewed a licensing agreement with the company, fueling speculation the two companies would ultimately merge.

Under the deal, which runs through 2009, PalmOne will pay a minimum royalty of $148.5 million to PalmSource. The deal extends a previous agreement that was set to expire in November 2006.

In a separate agreement, palmOne is buying from PalmSource its rights to the Palm brand for $30 million. After that deal, palmOne will change its name back to Palm later this year. ...

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