Palm To Get Private Equity Investment

Posted: Jun 4 2007, 4:00am CDT | by , Updated: Aug 11 2010, 2:09am CDT, in Technology News


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Palm to get Private Equity Investment

The Wall Street Journal reports that Palm is selling a 25% stake private-equity investor Elevation Partners.

Under the deal Elevation Partners will invest $325 million for a 25% share of Palm.
Palm just announced last week a new product called the Foleo. Jon Rubinstein, Apple's former head of hardware who helped pioneer the iPod, is supposed to join Palm as executive chairman and head up product development.
More details on the WSJ.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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