HP bought Palm for $1.2 billion back in 2010, only to look to dump it in 2011. VentureBeat is now reporting that HP sought to get back its $1.2 billion investment in webOS and the other Palm assets, but there were no takers. HP was apparently unaware that the value of Palm and webOS had dropped significantly under there stewardship. HP had discussions with Amazon, Samsung, and Intel, but nobody was interested. They also apparently approached Facebook but were "practically laughed out of the room."

At the end of the day, HP decided to contribute webOS to the open source community. Later we heard that there may in fact be new webOS hardware in development at HP. So, who knows what's going on with webOS. The once promising mobile OS just couldn't compete against Apple and Android and it seems to have bit the dust.