Who Does Bono Love Most? RIM or Palm?

>> Sunday, September 27, 2009

Place your bets now folks! Today’s question is fairly simple: who do you think Bone (from U2 of course) loves most? Is it U2’s official sponsor, RIM, a company with great phones that happens to be pouring in lots of cash in this U2 partnership, or Palm, a company that’s fighting to rise from the dead, in which Bono happens to be currently investing? I know, the question is pretty difficult to answer, and it’s possible that even Bono doesn’t know the real answer.

While U2 is performing in front of thousands of people with RIM’s logo hanging around stadiums and U2 events, Elevation Partners is buying more Palm shares. The investor has purchased 2.2 million shares for $35 million. That means that EP is now controlling 42% of Palm and Bono has an important role in that as EP’s Managing Director and Co-Founder. So what do you think? Palm or RIM?

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