Gizmodo is quoting a source close to the negotiations, claiming that not only did Apple want Palm's patents, but also to continue the business.
The source says that Apple planned to use the Palm brand as a rival to RIM in the keyboard-toting phone space, which would have been a very odd move for the firm indeed.
RIM was also apparently in pole position to pick up the ailing Palm, with the deal 'in its hands', with the synergies between the two companies obvious.
However, when RIM's offer was trumped by HP's, the Canadian outfit didn't fight back, and thus Palm now belongs to the electronics firm.
Interestingly Google was also in the running too, but more about the patents it would gain rather than continuing the hardware side, according to Gizmodo's source.
However, the early talks soon dropped, likely because other companies showed a stronger willing in the bidding war.
It's hard to see what this says about Apple's future strategy - certainly having two application stores would have been odd, so would Palm have made use of Apple's tech and eventually been rebadged?
And since the bid has failed, will Apple be looking to make it's own keyboard-based devices to take on RIM?
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Gareth has been part of the consumer technology world in a career spanning three decades. He started life as a staff writer on the fledgling TechRadar, and has grown with the site (primarily as phones, tablets and wearables editor) until becoming Global Editor in Chief in 2018. Gareth has written over 4,000 articles for TechRadar, has contributed expert insight to a number of other publications, chaired panels on zeitgeist technologies, presented at the Gadget Show Live as well as representing the brand on TV and radio for multiple channels including Sky, BBC, ITV and Al-Jazeera. Passionate about fitness, he can bore anyone rigid about stress management, sleep tracking, heart rate variance as well as bemoaning something about the latest iPhone, Galaxy or OLED TV.