Sony buys into PalmSource

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Yesterday Sony invested $20 million in PalmSource to help give it some life as the software company splits from the Palm hardware venture. $20 million equates to 6% ownership in the software company.

In August, PalmSource CEO David Nagel stated they were looking for $60-80 million to help PalmSource prepare for an independent life. Sony’s investment gets them nearly the last third of the way there in one large chunk. Other monies have come directly from Palm, OS licensees and other investors.

Brian

 

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