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Both parties have agreed on the deal. Acer will be buying Gateway. The papers and transactions should be complete by around December 2007.
"Acer Inc. (TWSE:2353), one of the world's leading branded PC vendors, announced today it has entered into a definitive agreement to acquire Gateway, Inc. (NYSE: GTW). Gateway is the fourth largest PC company in the US and a leading retail PC provider. 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."
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DEVPPL : News Publisher
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