According to Venture Beat, HP tried to sell webOS and Palm, but couldn’t find a buyer willing to pay HP’s exorbitant asking price of $1.2 billion. HP apparently wanted to reduce its losses by selling Palm at the same price it paid for the company back in 2010.
This value might be reasonable if HP actually did something to improve the platform, but, sadly, the company failed to do anything significant with webOS. HP released the Pre 3 and the Veer, two lackluster handsets that failed to excite consumers. The Touchpad took the retail world by storm, but only after HP dropped the price of the tablet to a rock bottom $99. The Touchpad launched with a starting price tag of $499 for the 16 GB mode... »read more

More at: IntoMobile Add additional source