Taiwan's Acer to Acquire Gateway

August 27th, 2007 in Technology / Business
Taiwan's Acer to Acquire Gateway (AP)

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.

Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .