Palm Stock Price Increases Amidst Rumor Of Nokia Acquisition

Posted Nov 13, 2009

Palm, Inc. (NASDAQ:PALM) shares rose 8.30% in price due to a rumor that Nokia will be buying them out. This puts Palm’s market valuation at about $1.76 billion which was about the same price that Google bought YouTube. Another rumor floating around is that if Nokia does not buy Palm outright, they may license the webOS platform on their own mobile phones.