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 (NSDQ: 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 (NSDQ: AAPL) and creator of the first iMac will be the new executive chairman. Hopefully this guy can make something amazing happen.
[Via: NY Times]
[...] Former Apple executive responsible for the iMac and iPod will lead Palm [...]