Bono's private equity venture, Elevation Partners, owns an approximate 30pc stake in Palm, having invested $460m in the struggling handset maker in 2007 and 2008. The HP deal values Palm’s equity at $961m – the rest of the deal price is debt - meaning Elevation’s stake will be worth roughly $320m. Oooh, bummer. HP want to be the worlds biggest computer maker and make it's presence know in the smart phone industry. Click here!
Thursday, April 29, 2010
Bono loses big!
Bono's private equity venture, Elevation Partners, owns an approximate 30pc stake in Palm, having invested $460m in the struggling handset maker in 2007 and 2008. The HP deal values Palm’s equity at $961m – the rest of the deal price is debt - meaning Elevation’s stake will be worth roughly $320m. Oooh, bummer. HP want to be the worlds biggest computer maker and make it's presence know in the smart phone industry. Click here!
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