Takeover Rumors Persist, Wheel Lands on HTC

Palm’s stock was on the rise again today, in a move similar to Tuesay, again based upon rumors of a possible takeover. This time, the rumors center around HTC. PreCentral points us to a translated article from Chinese Economic News.

wheel-of-palm

Smartphone maker HTC is in talks with Palm on a possible acquisition, the Economic Daily said, citing market speculation, after foreign media reported that some other companies including China’s Lenovo had been named as potential suitors.

Linda Mills, a spokesperson for HTc, said the company does not comment on rumors, but added: “To the best of my knowledge this is just a rumor.”

Palm declined to comment.

Thanks Wil W

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