Taiwan’s leading computer seller Acer is to take over US PC maker Gateway in a $710m (\u00c2\u00a3352m) deal.<\/p>\n
The takeover will create the world’s third largest producer of personal computers, with shipments of more than 20 billion PCs and sales of $15bn.<\/p>\n
The deal may also see Acer try to block Chinese rival Lenovo from buying Packard Bell’s operations in Europe.<\/p>\n
Gateway has said it wants to buy Packard Bell under a 2006 first refusal deal agreed with its owner, John Hui.<\/p>\n
“This acquisition of Gateway and its strong brand immediately completes Acer’s global footprint by strengthening our US presence,” Acer chairman JT Wang said.<\/p>\n
“This will be an excellent addition to Acer’s already strong positions in Europe and Asia.”<\/p>\n
The two firms said they expected the deal to result in “significant” cost savings of more than $150m. In addition, the deal should lead to a drop in component costs, Acer and Gateway said in a join statement.<\/p>\n
Analysts predict that Acer will back Gateway’s intention to exercise its first refusal deal with Packard Bell in order to scupper Lenovo’s expansion plans.<\/p>\n
Lenovo had been hoping to boost its European market position by snapping up the Dutch firm.<\/p>\n
However, some analysts have said that Lenovo may not lose out to Gateway, but merely be forced to pay more for Packard Bell.<\/p>\n
Source: bbc.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
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