Acer announced Wednesday that its $710 million acquisition of Gateway is complete, reports InfoWorld. As of close Tuesday, Gateway stock ceased trading on the New York Stock Exchange.
The purchase makes Acer the world's third-largest PC maker, but Gateway's option to buy Packard Bell in Europe was considered a prime motivator in the deal.
Acer said Tuesday that 86.09 percent (and who was the .09 percent?) of Gateway shareholders approved the acquisition, according to a Reuters story on News.com.
Gateway will continue to operate as a subsidiary, with an expanded product line.