Acer Completes Gateway Acquisition

Susan Hall

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.



Add Comment      Leave a comment on this blog post

Post a comment

 

 

 

 


(Maximum characters: 1200). You have 1200 characters left.

 

 

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 

Resource centers

Business Intelligence

Business performance information for strategic and operational decision-making

SOA

SOA uses interoperable services grouped around business processes to ease data integration

Data Warehousing

Data warehousing helps companies make sense of their operational data