Acer Buys 75 Percent of Packard Bell

Iria · Jan 31, 2008, 02:47 PM

Source: PC World
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Taiwanese PC vendor Acer has purchased 75 percent of the parent company of European electronics maker Packard Bell for US$45.8 million, Acer said in a statement to the Taiwan Stock Exchange Thursday.

The deal effectively seals Acer's bid to keep Chinese rival Lenovo from acquiring Packard Bell and gaining a foothold in Europe, where Acer enjoys strong sales.

Jan 31, 2008, 02:47 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	Acer Buys 75 Percent of Packard Bell Source: PC World ___________ Taiwanese PC vendor Acer has purchased 75 percent of the parent company of European electronics maker Packard Bell for US$45.8 million, Acer said in a statement to the Taiwan Stock Exchange Thursday. The deal effectively seals Acer's bid to keep Chinese rival Lenovo from acquiring Packard Bell and gaining a foothold in Europe, where Acer enjoys strong sales.