IN BRIEF (Page 13)
China Daily | Updated: 2010-04-30 08:05
HP to buy Palm for $1.2b
Hewlett-Packard Co (HP) agreed to buy Palm Inc, the money-losing handset maker that was once a Silicon Valley icon, for $1.2 billion to challenge Apple Inc in the smartphone market. Palm's common shareholders will receive $5.70 a share in cash, a 23 percent premium over the closing price, HP said.
Equities slump in Shanghai
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