According to the Business Insider, Apple was one of the companies looking to purchase Palm. Other companies that were interested were Google and RIM. A source familiar with the negotiations claims Apple was interested in Palm for their huge library of intellectual property. Surprisingly, Apple was supposedly ok with funding Palm’s operations. The source also said RIM had the deal “in its hands” and worked hard to blow it”. Google wanted Palm since they though Apple might want it.
Sounds to us like the best deal for Palm and it’s users was the deal with HP.