Palm has sold 25% of the company [1] to Elevation Partners, a private equity firm as part of a $325 million reorganization plan. As part of the plan, former Apple iPod chief Josh Rubenstein will take over as executive chairman.
Palm has sold 25% of the company [1] to Elevation Partners, a private equity firm as part of a $325 million reorganization plan. As part of the plan, former Apple iPod chief Josh Rubenstein will take over as executive chairman.
Links:
[1] http://www.nytimes.com/2007/06/05/technology/05cnd-palm.html?ex=1338696000&en=d74aa845e5719a70&ei=5088&partner=rssnyt&emc=rss