PalmSource bought by browser developer

Posted by Wolfgang Gruener

Japanese mobile content company Access is to buy the Palm OS, it said today. The move has the blessing of Palm. Access will acquire PalmSource, paying cash for the shares in a deal that values the operating system developer at $324.4m. PalmSource's Nasdaq-traded share price closed at $10.09 yesterday. Access' $18.50-a-share bid amounts to an 83 per cent premium on that price.

Read the complete story. (The Register)