Palm sells 25% stake to U2’s Bono and retired Apple execs. (images)

If I was a millionaire…

I would buy out Bono’s new share in Palm; just to make sure that we won’t have to see a “limited edition” version of the newest Palm pilot.

The private equity firm where Bono is a founding partner is putting-out $325 million for the chance to help out Palm to restructure. Not only that but Jon Rubinstein, the man behind Apple’s ipod, is being named executive chairman for Palm to head product development.

Also Apple’s former CFO, Fred Anderson, joins Palm’s board of directors.

Here is the official press release from Palm.

[Source: engadget]