Former Apple executive responsible for the iMac and iPod will lead Palm
By Stefan Constantinescu on Thursday, September 13th, 2007 at 1:36 pm PST In Palm
Private equity firm, Elevation Partners, will pay $325 million in cash for a 25 percent stake in the company and Palm will pay a special distribution of $9 a share,or about $940 million in cash to shareholders for their reduction in ownership. Jonathan Rubinstein, the former head of the iPod division at Apple and creator of the first iMac will be the new executive chairman. Hopefully this guy can make something amazing happen.
[Via: NY Times]
October 25th, 2007 at 5:55 pm
[...] for the laggard smartphone manufacturer. Palm has just announced that they have finally secured the $325 million dealfrom Elevation Partners (U2’s Bono’s private equity firm) in return for a 25% stake in the [...]
October 26th, 2007 at 1:37 am
[...] for the laggard smartphone manufacturer. Palm has just announced that they have finally secured the $325 million deal from Elevation Partners (U2’s Bono’s private equity firm) in return for a 25% stake in the [...]
July 14th, 2008 at 2:47 pm
[...] for the laggard smartphone manufacturer. Palm has just announced that they have finally secured the $325 million deal from Elevation Partners (U2’s Bono’s private equity firm) in return for a 25% stake in the [...]