Palm Now in HP’s Hands

End of an era. Palm’s days as an independent company are over.

Hewlett-Packard (HPQ) completed its $1.2 billion acquisition of Palm this morning, gaining its webOS operating system and the talent that developed it. “With HP’s full backing and global strengths, I’m confident that webOS will be able to reach its full potential,” said former Palm CEO Jon Rubinstein, who will now head up HP’s Palm global business unit. “This agreement will accelerate the development of this incredible platform with new resources, scale and support from a world-respected brand.”