Friday, 27 February 2015
Last updated 3 hours ago
Apr 15 2010 | 1:46pm ET
Harbinger Capital Management has taken a 9.48% stake in Palm Inc., the personal digital assistant maker.
The New York-based hedge fund, headed by Philip Falcone, revealed the passive investment in a regulatory filing. The firm now owns some 16 million Palm shares.
Rumors have circulated that Palm may put itself up for sale. The company has reportedly hired Goldman Sachs and Qatalyst Partners to help it evaluate its options.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…