Acer the world’s third largest PC vendor! acquires another computer maker Gateway for a reported $710 million dollars. Both companies board of directors have agreed on the deal unanimously and is expected to close the deal by December 2007. The acquisition gives Acer essentially a “multi brand” new look while giving them over US$15 billion in revenues and shipments of PC units in excess of 20 million  per year.

“This strategic transaction is an important milestone in Acer’s long history” said J.T. Wang, Chairman of Acer. Its more then win win situation for Gateway as they losing market share to the likes of Apple. For Acer the acquisition strengthen them as the number three PC vendor globally. 

Via Notebooks and Engadget