Ponders selling it off to potential buyers after acquiring it earlier then abandoning it.
When Hewlett-Packard acquired Palm Inc. and in turn their hot new mobile operating system webOS in 2010, it was set to be the next big thing that HP would exploit to its advantage. A year later, thanks to the poor sales of the HP Touchpad tablets, HP decided to stop that line of products and instead not use the operating system anymore (they will now produce Slate 2 based on Windows 7). Now, it seems like they want to rid themselves of the operating system completely.
Reuters reports from four reliable sources that the company is now looking to sell the operating system to potential buyers, and the sale amount is set to be in the hundreds of millions of dollars. This particular rumor had popped up earlier as well, but HP’s EVP Todd Bradley called it off as a rumor. Looks like it’s more of a sure thing now.
The asking price would still be significantly less than the $1.2 billion HP paid to acquire the company in the first place, but they already seem to have a potential buyer in the form of Oracle Corp. Reports suggest that the company would be interested in buying the operating system for its patents. But there could be other companies that could majorly benefit from purchasing the OS, including Google and Samsung.
It’s unfortunate to see that a promising operating system never gained any traction from mass audiences, but it’s interesting to see where it’s headed next under a potential new owner.