HP Agrees To Spend $1.2 Billion To Acquire Palm

Today HP agreed to purchase Palm at a price of $5.70 a share, this $1.2 Billion dollar transaction will help HP become a leader in the mobile phone market and give Palm a chance to stay around for a while. Palm has been said to be shopping around for a buyer for a while and it was widely thought that the leading cell phone manufacturer HTC would purchase Palm but last week they announced they weren’t interested. Does this mean we will be seeing a webOS slate in the future? Hit the comments and let us know what you think!