/ THIS TRANSACTION
Ciesco Partner David McDonagh assisted on the HP purchase Palm, a provider of smartphones powered by the Palm webOS mobile operating system, at a price of $5.70 per share of Palm common stock in cash or an enterprise value of approximately $1.2 billion.
The combination of HP’s global scale and financial strength with at the time Palm’s unparalleled webOS platform that enhanced HP’s ability to participate more aggressively in the fast-growing smartphones and connected mobile device markets.
/ Hewlett Packard
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems.
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