Palm sell up to HP - Bono loses a stack of cash
It’s good news for Palm and users of their myriad of products but bad news for previous investors in the company, who will receive a poxy return for their initial outlay.
Investors like Bono, whose private equity venture Elevation Partners own an approximate 30 per cent stake in Palm, chipping in with a $460 million investment in 2007 and 2008.
To put it more simply, every time we click our fingers, Bono loses £92 million.
There it goes…