This week's edition of The Fonecast is full of big names. HP acquires Palm, HTC and Microsoft do a deal over Android, Apple sells a million iPads - and handset sales show some dramatic increases.
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Technology company HP has agreed to purchase smartphone manufacturer Palm for a total of approximately $1.2 billion. It's a 'friendly' takeover that has been approved by the HP and Palm boards of directors. Palm shareholders will receive $5.70 in cash for each Palm share they hold when the merger is completed. The transaction is expected to close by the end of July.
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