Looks like the Palm Pre and Palm Pixi weren't enough to keep the wireless company afloat — according to Bloomberg news, Palm is up for sale. PC Mag covers other potential buyers including pros and cons of each, and Reuters suggests that the sale could total more than $1 billion.
So far, HTC seems to be the main contender, with both Engadget and Gizmodo expressing their support for the purchase. Why HTC? According to Gizmodo, acquiring Palm will put HTC in a good position to compete with Apple, mainly because of patents owned by Palm. Engadget echoes the support based on patents and suggests a few more perks: HTC needs a platform of its own and Palm needs good hardware; they already have a history of working together; HTC has a good relationship with cellular carriers. And with all of the HTC speculation, Palm's stock has already risen today, a sign that investors are happy with the potential takeover.