HP Finalizes Purchase of Palm, webOS Tablets, Netbooks On the Way

Today HP finalized its $1.2 billion acquisition of Palm, completing the purchase of the handset maker for $5.70 per share of Palm common stock.

“With webOS, HP will deliver its customers a unique and compelling experience across smartphones and other mobility products,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “This allows us the opportunity to fully engage in growing our smartphone family offering and the footprint of webOS,” read a statement from HP.

Palm will be responsible for webOS software development and webOS based hardware products, from a robust smartphone roadmap to future slate PCs and netbooks, according to an HP press release.

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