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M&A Deal Summary

U.S. Robotics Acquires Palm

On January 1, 1995, U.S. Robotics acquired technology hardware company Palm for 44M USD

Acquisition Highlights
  • This is U.S. Robotics’ 2nd transaction in the Technology Hardware sector.
  • This is U.S. Robotics’ 2nd largest (disclosed) transaction.
  • This is U.S. Robotics’ 2nd transaction in the United States.
  • This is U.S. Robotics’ 1st transaction in California.
Investment Fate
  • Palm was sold to a strategic buyer in 2000.
  • Palm was sold to a financial buyer in 2007.
  • Palm was sold to a publicly-traded strategic buyer in 2010 for 1.2B USD.
  • Palm was divested to a consortium of strategic buyers in 2014.

M&A Deal Summary
Date 1995-01-01
Target Palm
Sector Technology Hardware
Buyer(s) U.S. Robotics
Deal Type Add-on Acquisition
Deal Value 44M USD

Target

Palm

Sunnyvale, California, United States
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).

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Buyer(S) 1

Buyer

U.S. Robotics

Schaumburg, Illinois, United States
Category Company
Founded 1976
Sector Technology Hardware
DESCRIPTION

U.S. Robotics is a producer and distributor of broadband and analog modems, and wired and wireless networking solutions. U.S. Robotics was formed in 1976 and is based in Schaumburg, Illinois.

DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 1995 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-10-20 Megahertz Holding Company

Salt Lake City, Utah, United States

Megahertz is a developer of modems for small computers that use credit-card-sized plug-in devices called PCMCIA cards.

Buy $213M
Mergr

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