Texas Pacific Group tipped to buy Palm

The outfit is one of three other potential buyers of the company including Motorola and Nokia with a sum of two billion mentioned in passing.

Unstrung.com found some unidentified sources that indicate that Palm's managers would prefer that the company was sold to a private equity buyer. This would mean that Texas Pacific Group was the most likely bet.

According to Reuters, Palm hired a firm called Morgan Stanley to pursue a buyer. Unstrung adds that Morgan Stanley wanted to wrap up a deal by Thursday, when Palm is scheduled to report quarterly results. More here. µ