barclays

With talk swirling that floundering handset maker Palm is looking for a buyer, the FT’s Lex column assesses the likelihood of a deal:

As for the price-tag, Palm’s enterprise value is about $950m but if Palm’s biggest investor Elevation insists on breaking even, Barclays Capital reckons a bidder would have to offer between $1.2bn and $1.5bn. That is in reach of Chinese computer-maker Lenovo, one of the rumoured interested parties. For Nokia, also an oft-mooted acquirer, it would represent about a quarter of its annual spending on research and development. Read more