Acer completes Gateway acquisition -- GTW delisted
Thomas Ricker|@trixxy|October 17, 2007 1:24 AM
It's official, Acer has acquired nearly 90% of Gateway shares bringing an end to Gateway's pioneering independence. The $710 million deal makes Gateway a wholly owned subsidiary of the Taiwanese PC maker and brings an end to the GTW listing on the New York Stock Exchange. With Gateway ready to gobble up Packard Bell, Acer becomes a solid, global number 3 powerhouse behind HP and Dell.