Palm Approached Huawei Technologies For Preliminary Acquisition Talks [RUMOR]

Posted Apr 13, 2010

Earlier this week we reported about how Palm, Inc. (NASDAQ:PALM) is looking for acquisition bidders. Palm has been burning money every month and their devices have not been selling as much as hoped. Now the latest rumor is that Palm approached Chinese company Huawei Technologies for preliminary acquisition talks. Palm approached Huawei’s investment bank regarding the deal according to a source with Reuters. [Reuters]