HTC not interested in buying Palm

Reuters has reported yesterday that sources close to the matter are now saying that HTC is no longer interested in buying Palm’s assets after reviewing the company’s latest quarterly report.

“There just weren’t enough synergies to take the deal forward,” said the source with direct knowledge of the matter, who declined to be named because the deal had not yet been made public.

I can’t say I’m surprised especially now that HTC is busy with Android and the upcoming Windows Phone 7 launch. As I said a few days ago I didn’t see a reason for HTC to acquire Palm. Both companies have different philosophies and cultures (US – Taiwan) it would have been extremely hard to merge them both together.

Source: Reuters