HP wanted $1.2 billion for webOS? Well isn't that nice | webOS Nation

HP wanted $1.2 billion for webOS? Well isn't that nice

by Derek Kessler Wed, 28 Dec 2011 4:12 pm EST

VentureBeat is today reporting that through the course of their negotiations with various interested parties, HP attempted to recoup their purchase cost for webOS. That's $1.2 billion, if you'll recall. That's a lot of cheddar, and it'd take a particularly large amount of gumption to ask that for a product that (1) then-HP CEO Leo Apotheker didn't want, (2) was missing the hardware division that Palm came with when HP bought it (this is why we can't have anything nice), and (3) was suffering in market share even with the TouchPad fire sale.

We wouldn't be surprised if HP has floated such a high figure early in the process of trying to sell webOS. It's like selling a house - you put it on the market for what you want, which should have plenty of negotiating room over what you'd accept (if it doesn't, you're doing it wrong). HP would have been stupid to not try to recoup as much money as they could from their multi-billion loss on webOS, but they also would have been stupid to not quickly negotiate down to a more reasonable price (somewhere in the mid-hundred-million-dollar mark, we'd guess). VentureBeat's source is unclear on how low the negotiations went, but considering that HP has instead decided to give webOS to the open source community, we'd say that the acceptable sale price to HP and the acceptable purchase price for the potential suitors never got close enough to make sweet acquisition love.