As Acer merger looms, Gateway buys Packard Bell


— 11:59 AM on October 10, 2007

Packard Bell made few headlines following its exile from the U.S. market and into Europe in 2000, but the PC vendor has been drawing some attention to itself lately. In September 2006, eMachines founder Lap Shun Hui purchased the company from NEC. Now, Packard Bell is about to change hands yet again: Gateway has announced that it plans to purchase all of the shares of PB Holding Company, Packard Bell's parent company.

With Acer's acquisition of Gateway set to close in December, the move should leave Acer with both Gateway and Packard Bell to increase its market share in the U.S. and Europe, respectively. According to Gateway's press release, Acer has agreed to fund the Packard Bell buyout in connection with the upcoming Acer-Gateway merger.

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