HP tried to sell webOS for $1.2b before giving up

HP logoHP had tried to sell webOS before it settled on open-sourcing the platform, according to a rumor on Wednesday. Sources for VentureBeat claimed that HP had supposedly been asking for the same $1.2 billion that it paid for Palm in 2010 to avoid taking a loss. If it had been talking to Amazon and other companies, they may have balked given that HP was charging the same price for a division whose hardware had since been taken off the market.

The company had even allegedly tried selling to Facebook, but had been "practically laughed out of the room," one contact said in an anecdote. The price was likely the tipping point, but the social network also doesn't need to buy an OS with apps on numerous platforms and rumors of a heavily customized Android version for its own self-developed phone.

HP may have lowered its asking price if it saw there were no takers, but this is more speculative than concrete information. The PC builder may have spooked buyers by demanding continued rights to make webOS-based printers irrespective of a new buyer's smartphone or tablet plans.

HP hasn't commented on the rumor.

If accurate, the attempted sell-off could point to multiple causes. HP may have simply overestimated webOS' worth. It may alternately have decided it would keep the business and sell the former Palm group only if it could recover at least the original asking cost.

Source: Electronista

Tags: HP, webOS

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)