The stock price of smartphone maker Palm jumped higher on Friday on the rumor that Nokia is looking to acquire the company.
The rumor resurfaced for the first time since early September, and Palm has been the talk of acquisition,on-and-off for most of the year.
Besides Nokia, Dell and Microsoft have also been cited as potential suitors for Palm, which would help both companies get a foot in the fast growing smartphone market.
Analysts have valued any deal for the smartphone maker at over $2 billion USD.
Besides Nokia, Dell and Microsoft have also been cited as potential suitors for Palm, which would help both companies get a foot in the fast growing smartphone market.
Analysts have valued any deal for the smartphone maker at over $2 billion USD.
