Acer is buying Gateway

Discussion in 'Wall St. News' started by Pekelo, Aug 27, 2007.

  1. Pekelo


    "Taiwan’s Acer said on Monday it will buy Gateway for $710m, creating the world’s No.3 PC maker, as Acer doubles its presence in Gateway’s lucrative but highly competitive home market.

    Acer said it would pay $1.90 per Gateway share, representing a premium of 57 per cent over Gateway’s last closing price.

    Acer said the merger would create a company with more than $15bn in sales and 20mn PCs shipped per year, adding it would keep the Gateway brand in the US."
  2. Gateway? They still make those things.
  3. Pekelo


    5+% US market share, so I guess every 20th computer in the US is a Gateway...