It looks like Access was not the only company to bid for PalmSource. According to the Chicago Sun Times, Motorola thought they had an agreement to purchase PalmSource for $17.25 per share only to find out two days later that PalmSource agreed to a deal with Access for $18.50 per share.
Motorola is now suing PalmSource for $8.7 million they claim is a breakup fee. In court papers Motorola said, "PalmSource was obligated to pay Motorola the termination fee of $8,697,595 on or before Sept. 16, 2005."
Motorola is now suing PalmSource for $8.7 million they claim is a breakup fee. In court papers Motorola said, "PalmSource was obligated to pay Motorola the termination fee of $8,697,595 on or before Sept. 16, 2005."
