HP to be Palm's Silicon Valley savior in $1B deal

Computer maker Hewlett-Packard Co. has agreed to acquire struggling smart phone maker Palm Inc. for nearly $1 billion in cash. (April 28, 2010)

April 28, 2010 3:04:04 PM PDT
Palm Inc. a pioneer in the smart phone business that couldn't quite make the comeback it needed, has agreed to be bought out by Hewlett-Packard Co. for about $1 billion in cash.