Well we have to admit we didn't see this one coming? HP is gearing up to buy Palm for a cool £657m, which after factoring in Palm's reported debt will be closer to $1.2 billion. Talk has been rife that Palm was for sale, with Lenovo and Huawei said to be the leading contenders, though Nokia, HTC and ZTE were also rumoured to be showing an interest. However, it's HP, better known for manufacturing computers that has stepped up to the plate.
In some degree it makes sense, with both HP and Palm never fully cementing themselves in the smartphone market. This is despite the Palm Pre being well received by the tech industry, though not the all important consumer. HP is said to be keen to utilise Palm's excellent webOS operating system for their future smartphone offerings. The deal is expected to be completed by the end of July.
For more details on HP's hopes for Palm visit our sister title Mobile Today.