22.12.2008 16:35 Uhr, Quelle: MacNN

Palm thrown $100m lifeline to stay alive

Palm on Monday said it has struck a deal with its recent investor Elevation Partners to receive an additional $100 million in equity. The deal involves a stock purchase at about a 31 percent value over Palm's actual stock price and lets the smartphone maker optionally sell the equivalent of $49 million in shares to outsiders at similar or better value before the end of March.

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