HTC and Lenovo were claimed as favorites to snag up Palm but the latest report from Reuters says that HTC has walked off and won’t bid for Palm. The exact reason wasn’t highlighted but the source said “there just weren’t enough synergies to take the deal forward.”
This makes Lenovo as the only Asian company left in the race to buy Palm. Lu Chialin, an analyst at Macquarie Securities believes that suitable buyers would be the mainland China companies who’re trying to establish their brand in US, which if we see, Lenovo fits the bill perfectly.
Late last year, Lenovo bought back its mobile phone unit in a bid to re-enter the mobile phone space and have also launched a phone in China.