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Gateway unloads Professional business segment on MPC
The shakeups at Gateway just seem keep on coming these days, with the planned acquisition by Acer and the seemingly imminent takeover of Packard Bell now being followed by the sale of Gateway's Professional business segment to MPC Corporation. According to Gateway, the sale, valued at some $90 million, is being done in order to "simplify its business model," "leverage reduced cost structure," and, of course, concentrate on the worldwide consumer market. For its part, MPC unsurprisingly says the newly combined company will be a boon to its customer base, which mainly consists of those in government, education, and small-and-medium businesses. To help it on its way, Gateway is also investing some $10 million in MPC, and it'll also be getting a 19.9% equity stake in the company.
