M&A Deal Summary

Palm Acquires Handspring

On June 5, 2003, Palm acquired technology hardware company Handspring for 192M USD

Acquisition Highlights
  • This is Palm’s 1st transaction in the Technology Hardware sector.
  • This is Palm’s largest (disclosed) transaction.
  • This is Palm’s 3rd transaction in the United States.
  • This is Palm’s 2nd transaction in California.

M&A Deal Summary
Date 2003-06-05
Target Handspring
Sector Technology Hardware
Buyer(s) Palm
Deal Type Add-on Acquisition
Deal Value 192M USD

Target

Handspring

Mountain View, California, United States
Handspring is a developer of handheld computing devices. The Company was formed in 1998 and based in Mountain View, California.

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Buyer(S) 1

Buyer

Palm

Sunnyvale, California, United States
Category Company
Founded 1992
Sector Technology Hardware
Employees939
DESCRIPTION

Palm, Inc. is a provider of mobile devices that enable users to access and share any information, anywhere. Palm has been a pioneer in mobile since its inception, with such innovations as the PalmPilot™ (the most successful PDA in history), Graffiti™ (a simplified alphabet to input letters into the PalmPilot), and Palm® webOS™ (the first operating system built exclusively for mobile use).

DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 3
Year (2003) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Be

Sunnyvale,, California, United States

Personal computer and operating systems. Acquired by Palm Computing in 2001.

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