The sale of WebOS marks the end for HP's failed acquisition of Palm. HP purchased Palm for $1.2 billion in 2010, and the deal was seen as a major move for HP -- both for its mobile device ambitions and the company's relationship with Microsoft.
While HP hyped its forthcoming WebOS products the following year, the consumer-focused TouchPad was discontinued after just six weeks on the market and HP suddenly ceased all WebOS product development. The drastic course reversal for HP's mobile strategy was further punctuated when HP announced it was developing a Windows 8 tablet.
In late 2011, HP rolled out plans to re-release WebOS as an open-source product. The troubled times continued for Web OS last year as the Palm business unit suffered layoffs and numerous executive departures.
HP continued to distance itself from Palm when it announced it would spin its WebOS business off as a new company called Gram. HP had been quiet on plans for Gram and the newly open-sourced WebOS until today's announcement.
PUBLISHED FEB. 25, 2013