HP buying Palm might be old news now, but details leaked to Business Insider concerning the bidding war for the company make fascinating reading.
According to a “source familiar with the negotiations”, RIM had the deal practically sewn up having come in with an original bid higher than HP’s eventual purchase price. “[It] had to work incredibly hard to blow it,” claims the source.
The source goes on to claim Apple was also seriously interested in Palm, predominantly for the company’s copious collection of granted and pending patents. Moreover, Apple reportedly was prepared to continue funding Palm’s own operations – an unlikely scenario, it seems.
Apple’s interest drew in Google; however when RIM reduced its original offer after more diligence work, HP swooped in and took the prize. It’s kind of like eBay auction sniping, just with lots more money. Perhaps RIM simply forgot it was following the auction?
After the lukewarm reception its Blackberry OS 6 video received, perhaps RIM is regretting its decision.
Did RIM make a mistake? Tell us what you think.
Link:
Business Insider
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