Access buys PalmSource for a song
Valuations are a funny thing. And so subjective. Access buys PalmSouce which I get - Access has been trying to get onto US handsets for years - first powering all the Sprint PCS Vision phones, and then by deploying a third party browser on things like S60 handsets and the PSP.
What i don't get is only for $324 million. Wow is that all PalmSource was worth? How many pre-IPO google employees could have bought PalmSource individually and had their own personal puppet show?
Didn't NewsCorp just buy MySpace for $580 million?
i know if you dig in there's reasons behind both these valuations, but wow, $324 mm seems really low.