Published: February 25, 2013
LG Electronics Acquires webOS from HP to Enhance Smart TV
SEOUL, Korea and PALO ALTO, Calif., Feb. 25, 2013 /PRNewswire/ -- LG Electronics Inc. has acquired the webOS operating system technology from HP, the companies announced today.
To support its next-generation Smart TV technology, LG has entered into a definitive agreement with HP to acquire the source code, associated documentation, engineering talent and related websites associated with webOS. As part of the transaction, LG also will receive licenses under HP's intellectual property (IP) for use with its webOS products, including patents acquired from Palm covering fundamental operating system and user interface technologies now in broad use across the industry.
Today's announcement paves the way for continued innovation on the webOS platform and on LG's roadmap of innovative solutions for many years to come, while allowing HP to focus its resources on strategic business opportunities such as cloud computing.
To read the complete release at NewsBlaze,
LG Electronics Acquires webOS from HP to Enhance Smart TV,
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