Palm Reportedly Seeking a Buyer
SUNNYVALE, Calif. (
) --
Palm
(PALM)
, the smartphone maker, plans to seek bids for the company as early as this week, a report says.
Palm is working with
Goldman Sachs
and Qatalyst Partners to find a buyer,
Bloomberg
reports, citing three people familiar with the situation. Taiwan's
HTC
and China's
Lenovo
have looked at the company and may make offers, said the people.
Palm, which makes the Pre and Pixi smartphones, ranked sixth in the North American smartphone market during the quarter ended Dec. 31 with a 4.3% share,
Bloomberg
reports, citing data from Gartner Inc. BlackBerry maker
Research In Motion
(RIMM)
was No. 1 with a 44% share, followed by
Apple
(APL)
with 24%.
Palm shares rose 32% last week on renewed speculation of a takeover bid,
Bloomberg
says.
The shares closed Friday at $5.16.
-- Written by Joseph Woelfel in New York.
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