Motorola seems set to acquire Palm in a $2 billion deal that may be announced today, a report claims.

A flurry of speculation has surrounded the future of Palm in recent days, with Wall Street rumour-mongers predicting the sale of the company.

According to CNBC, the frontrunner to take the company over is Motorola.

In a report citing an anonymous but major shareholder, CNBC claims that Palm is in buyout talks with Apple's former processor supplier and ROKR partner, Motorola.

Nokia and private equity firms, Texas Pacific Group and Silver Lake Partners, have also been named as suitors for the proto-deal.

A Reuters report claims Palm and Motorola have so far declined to comment on the rumours.