Acer buys Gateway; bumps to No. 3
Taiwanese computer manufacturer Acer Inc. announced yesterday that it’s acquiring US-based Gateway Computers.
Once the acquisition is complete, it will put Acer as the no. 3 PC-maker worldwide.
The Gateway sale is pegged at $710 million, or $1.90 per share will help make the Taiwanese company a bigger player in the worldwide market, next only to Dell and Hewlett-Packard (HP). It will overtake Lenovo for that 3rd spot.
The combination will create a multi-branded PC-company with over US$15 billion in revenues and shipments in excess of 20 million PC units per year. The acquisition is expected to close by December 2007. Gateway is the 4th largest PC brand in the US.
Official announcement published at Acer Global News Release.