Acer to purchase Packard Bell, too


— 4:58 PM on August 28, 2007

Taiwanese PC maker Acer seems to be on a buying spree at the moment. After announcing its plans to purchase Gateway, the firm now has its eyes set on Packard Bell. A report by DigiTimes quotes Acer chairman J.T. Wang as saying Acer will buy out Packard Bell to "strengthen its market position in Europe." Acer has already completed talks with Packard Bell, and the two firms have agreed on a purchase price. However, Wang says details of the transaction are being kept under wraps for the time being.

This deal is no coincidence. Last year, eMachines founder Lap Shun Hui acquired Packard Bell from its parent company NEC. This acquisition came after Hui sold eMachines to Gateway and became Gateway's second-largest shareholder.

   
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