Interesting news over at New York Times today (free registration required).  Palm is set to announce that they have sold a quarter of the company to Elevation Partners,  a private equity firm.  As part of the deal, Palm will gain a new Executive Chairman, Jon Rubinstein.  Rubenstein used to run the iPod division over at Apple.  Another former Apple executive, ex-CFO Fred Anderson, will also join the Palm board.

Overall, this is good news for Palm.  The company gets an infusion of cash and some new experienced people (and their valuable contacts) at the top.  This should free them from worries of being taken over and hopefully they will be able to focus on delivering great products.

Filed under: Mobile World

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