LG Buys webOS for New Smart TV Products

LG is apparently in the process of buying webOS from HP to use as the foundation for a line of smart televisions it plans to launch in 2014. According to sources, the deal includes HP's entire webOS Global Business Unit, the complete webOS source code, all of the employees, and related patents.

LG Buys webOS for new smart TV lineupLG Buys webOS for new smart TV lineup

The OS will be used to power HDTVs that LG plans to strat showing off at CES in 2014, according to webOS Nation's sources.

webOS began life as Palm before the company was purchased by HP for about US$1.2 billion. After a series of false starts with its own webOS-based products, HP abandoned the platform and turned it over to the open source community.

Without HP offering any real backing for webOS, it isn't a big surprise that the assets have been sold off since the platform was still draining company resources without showing any payoff.

For LG, the deal means it has a new platform to replace NetCast on smart TVs, and that could potentially bring new life to the company's smart HDTV lineup.