Filed under: Palm, Misc
The wires are alight with news that Palm will be announcing a deal to sell a 25% stake to Elevation Partners. The private equity firm where Bono is a founding partner will shell-out $325 million for the privilege of helping Palm reorganize. Jon Rubinstein, Apple's retired head of hardware -- yes,
that hardware -- joins Palm as executive chairman to head up product development while Apple's former CFO Fred Anderson -- yes,
that Fred Anderson -- joins Palm's board of directors. Sure, it's not
the sale that many had hoped for, but at least we can look forward to a new
limited edition black and red
Foleo which is somethin'.
[Via
MocoNews]
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Posted
Jun 04 2007, 12:10 AM
by
Engadget Mobile