Taiwan's Acer to Acquire Gateway

By ANNIE HUANG, Associated Press Writer, Technology / Business

A Gateway computer is on display for retail sale at a Best Buy store in Los Angeles in this Aug. 23, 2006 file photo. Acer Inc. plans to acquire U.S. computer maker Gateway Inc. for $710 million in a deal that will push the Taiwanese company past China's Lenovo Group as the world's third largest vendor of personal computers. Acer said Monday, Aug. 27, 2007 it is offering to buy Gateway for $1.90 per share in a deal expected to close by December, pending regulatory approvals in Taiwan and the U.S. (AP Photo/Reed Saxon)

(AP) -- Acer Inc. plans to acquire U.S. computer maker Gateway Inc. for $710 million in a deal that will push the Taiwanese company past China's Lenovo Group as the world's third largest vendor of personal computers.

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