Taiwanese computer maker, Acer has announced that they will acquire the third largest US PC maker, Gateway for a whopping sum of $710 million. Acer will buy all the shares of Gateway for a price of $1.90 which is 57% higher than Gateway’s closing price on Friday. This acquisition will make Acer the third largest PC maker in the world putting Lenovo in the fourth place.
J.W. Wang, Chairman of Acer:
This strategic transaction is an important milestone in Acer’s long history. The acquisition of Gateway and its strong brand immediately completes Acer’s global footprint, by strengthening our US presence. This will be an excellent addition to Acer’s already strong positions in Europe and Asia. Upon acquiring Gateway, we will further solidify our position as number three PC vendor globally.
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