Via CTIA SmartBrief: Palm, the subject of intense rumors that propelled its shares to a 32% gain last week, has begun to seek bids for a merger or buyout, according to a Bloomberg report that says the smartphone maker has retained Goldman Sachs and Frank Quattrone's Qatalyst Partners to lead the sale. The struggling maker of the Pre and Pixi has valuable patents, according to industry observers who tout Taiwan's HTC and China's Lenovo Group as possible bidders. Palm did not provide comment on the possible sale.
Bloomberg