February 26, 2013 – LG Electronics Inc. is acquiring Hewlett-Packard Co.’s webOS mobile-software operations and hiring several dozen engineers who worked on the program, part of an effort to improve Internet-capable televisions.

HP will retain webOS’s patents and license certain technology to LG, HP Chief Operating Officer Bill Veghte said in an interview Monday. LG Electronics, the world’s second-largest maker of TVs, plans to put the technology into Web-connected sets as early as next year, said Skott Ahn, the company’s president and chief technology officer.

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