Most of you may remember how HP made webOS open source, but here is the full story of how they got there. Hewlett Packard acquired Palm for $1.2 billion in April 2010. After an unsuccessful TouchPad launch, the company hired Meg Whitman to decide what to do with Palm. Apparently Whitman considered selling Palm for $1.2 billion before making it open source.
HP seemed to ignore the fact that Palm possibly lost some of their value after the TouchPad flopped. HP’s other webOS phones such as the Pre 3 and the Veer did not do too well either. This is possibly why HP failed to make a deal go through with Amazon, Samsung, Intel, and even Facebook. HP is still planning to make webOS tablets in 2012.
It may have been possible that HP lowered the price of webOS, but most likely interested parties would not be willing to pay any more than $500 million. HP is believed to have asked for access to webOS for printers.