25.10.2007 20:21 Uhr, Quelle: Engadget

Palm closes recapitalization deal with Elevation Partners

Filed under: CellphonesNo surprises here, but Palm's "strategic recapitalization" effort has officially been closed. Just months after shareholders gave a collective thumbs-up to the idea (hey, who can say no to Bono?), Elevation Partners has indeed "invested $325 million in Palm, which the company will utilize along with existing cash and $400 million of new debt to finance a $9-per share cash distribution." Additionally, a number of new faces have been appointed jobs within the outfit, and the "total number of director

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