LG Acquiring WebOS Technology, Engineers From Hewlett-Packard

By Aaron Ricadela - Feb 25, 2013 10:16 PM

LG Electronics Inc. (066570) is acquiring Hewlett-Packard Co. (HPQ)’s WebOS mobile-software operations and hiring several dozen engineers who worked on the operating system as part of an effort to improve Internet-capable televisions.

Hewlett-Packard will retain the WebOS patents and license certain technology to LG, Hewlett-Packard Chief Operating Officer Bill Veghte said in an interview.

LG Electronics, the world’s second-largest maker of TVs, plans to increase television sales 15 percent this year by offering sets with new display technology and more advanced functions.

To contact the reporter on this story: Aaron Ricadela in San Francisco ataricadela@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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