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Palm Sale: Lenovo gets closer while HTC pulls out

Another update on the Palm sale! Reuters reported the Lenovo is taking the lead on the purchase of Palm. It was also mentioned that HTC after going through Palm’s books, they decided to pull out from the bid.

Other companies that speculated to join the bid such as Huawei and ZTE were also mentioned that they are not going ahead with the bid.

Some analysis had also advised against purchasing Palm as the company is facing some debt issues which is a challenge to turn over.

[ Source ]