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Nokia buys Palm March 21, 2007 [Pocket PC phone] | By Edward J. R. Windows Mobile phones from Nokia coming soon ? Unstrung is reporting that a deal for rival cell phone manufacturer Nokia to buy out Palm may be in the final stretch. According to the technology website, the deal could happen as early as Thursday this week at more than $20 per share. Recently the Wall Street Journal reported that Palm engaged Morgan Stanley to advise the company about options for its strategic sale. Unstrung indicated that Morgan Stanley is pressing for a deal to be wrapped up before Palm reports its third quarter results this week. The four leading bidders are rumored to be two private equity firms and two rival gadget manufacturers. Texas Pacific Group, Silver Lake Partners, Nokia and Motorola are likely contenders. By: Tadd Rosenfeld.  Post your comment (free registration is required to post, but if you register you can edit your posts later) [ 6 Comments ]
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