HP will indeed sell key pieces of its webOS product and team to LG for use in smart TVs, but contrary to earlier leaked reports, the deal doesn't include the entire webOS portfolio. What's more, LG's plans include the possibility of eventually producing a phone or other mobile devices that run webOS, although the company remains focused on televisions in the short term. The result is a deal that looks like a clean exit from the webOS debacle for HP, and the beginnings of another muddled, confused chapter for Palm's operating system with LG at the helm.
According to HP COO Bill Veghte, LG will acquire the source code, documentation, websites, and team behind the client side of webOS, but HP will retain the entire cloud services division...
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