1 became 2 and 2 will become 1 once again — Palm and Handspring merger

The shareholders of both companies, Palm and Handspring, approved the merger plans of the companies.

The agreement of both sets of stakeholders means the acquisition will now go ahead, having already been granted regulatory approval. Last week, Handspring settled two lawsuits that might have blocked the takeover.

And with the deal done, Palm OS development business PalmSource now becomes a truly independent entity, and the Palm Solutions Group rechristens itself PalmOne with the PLMO Nasdaq ticker symbol. PalmSource stock will be traded as PSRC.

I think that this is going to be a great business move. In my opinion, Handspring has been kicking ass on Palm in the innovation area and product pricing. With the to joining forces, they should be able to have the resources to step up the operation to nearly untouchable levels. Only the future can tell. Keep and eye on this one.

Source: The Register