So this is still new, and likely more info will emerge, but what we know is that HP has purchased Palm for $1.2 billion in change.

Whether there will be a large shakeup within the company as a result (or more than has already been) remains to be seen. Apparently Jon Rubinstein, current Chair and CEO, will remain with the company to run the day-to-day business.

“We’re thrilled by HP’s vote of confidence in Palm’s technological leadership, which delivered Palm webOS and iconic products such as the Palm Pre. HP’s longstanding culture of innovation, scale and global operating resources make it the perfect partner to rapidly accelerate the growth of webOS,” said Jon Rubinstein, chairman and chief executive officer, Palm. “We look forward to working with HP to continue to deliver industry-leading mobile experiences to our customers and business partners.”

More info to come…

(source Yahoo News)

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