Home > Aquisitions > Nokia to buy Palm for $4.1 billion

Nokia to buy Palm for $4.1 billion

Finnish mobile phone manufacturer, Nokia Corp (NYSE: NOK) said today it had agreed to buy US smartphone manufacturer Palm, Inc (NasdaqGS: PALM) for 4.15 billion dollars (3.14 billion euros)

“Nokia is committed to be at the forefront of mobile user interface and internet services. By joining forces with Palm, we will  impliment our shared strategy of delivering innovative web experience and services through a unified, single identity user management of all user information and media to our mobile devices.” Olli-Pekka Kallasvuo, President and CEO, Nokia. “The integration of WebOS will give our consumers leading convergence devices that more than meet and exceed consumer expectations.”

California-based Palm, Inc will be launching the Palm Pre at the end of the month, the first and last Palm device to feature WebOS.

The acquisition is expected to close in the third quarter of 2009.

http://www.reuters.com/article/rbssTechMediaTelecomNews/idOFLO0104L20RI0A9lP



  1. Evan
    April 1, 2009 at 6:36 am | #1

    Nice try. (4.1)5 Billion, eh? ’4′ as in April, ’1′ as in Fool’s Day?

  2. April 1, 2009 at 6:43 am | #2

    Well done! It’s too bad you couldn’t have posted it a day earlier. ;-)

  3. April 1, 2009 at 8:03 am | #3

    Wow! You had me goin BIG TIME ! ! ! I’m yellin’ “NO! NO! Damit!” Har! Har!

  4. April 1, 2009 at 10:39 am | #4

    I also like the euro amount. What’s it pronounced – “pi billion euro”? Is that right?

  5. james
    April 1, 2009 at 11:53 am | #5

    hah:P

  6. Riz
    April 1, 2009 at 3:02 pm | #6

    lol! *tips hat*

  7. Brian
    April 1, 2009 at 4:40 pm | #7

    I like the Nokia Palm graphic, nice touch.

  8. April 1, 2010 at 2:06 pm | #8

    cool. we will have new Wallpapers for 3210!

  1. November 14, 2009 at 7:49 pm | #1
  2. December 8, 2009 at 2:09 am | #2