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Acer To Acquire Gateway
Aug 28, 2007
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Acer Inc., the world's fourth-largest computer vendor by unit sales, plans to acquire U.S. computer maker Gateway Inc. for US$710 million, the Taiwanese company said.

Acer is offering to buy Gateway for $1.90 per share in a deal expected to complete by December, pending regulatory approvals in Taiwan and the U.S., Acer said in a statement.

The acquisition has been unanimously approved by the boards of directors of both Gateway and Acer and is subject to standard closing conditions, it said.

Gateway is the third-largest PC manufacturer in the U.S. by market share after Hewlett-Packard Co. and Dell Inc.

The acquisition will create a multi-branded computer company with over $15 billion in revenues and shipments in excess of 20 million units per year, Acer said.

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