LG acquires HP's webOS to power smart TVs

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LG Electronics is acquiring the webOS mobile operating system from Hewlett-Packard, stating it will resurrect the platform to power smart TVs, not smartphones. Financial terms of the deal were not disclosed.

CNet reports LG is purchasing the webOS source code, related documentation, engineering staffers and WebOS web properties. LG is also landing HP's webOS licensing agreements as well as patents HP obtained when it acquired Palm for $1.2 billion in mid-2010.

While LG will look to webOS to fortify its future smart TV products, the manufacturer said it has no plans to offer mobile devices running webOS, pledging its continued support for Google's (NASDAQ:GOOG) Android mobile operating system. "[webOS] creates a new path for LG to offer an intuitive user experience and Internet services across a range of consumer electronics devices," said Skott Ahn, LG's president and chief technology officer. LG did confirm it will continue supporting existing Palm/HP devices running webOS.

HP discontinued its webOS device business in mid-2011, citing mediocre sales. Later that year, the company announced plans to make the webOS platform's underlying code available under an open source license, and in October 2012--two months after spinning off its webOS Global Business Unit into a new independent company called Gram--HP released Open webOS 1.0, enabling developers to port the mobile operating system to new devices.

For more:
- read this CNet article

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HP commits to open-source webOS by fall 2012
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