Latest in Buyout

Image credit:

Hon Hai to buy Quanta?

Nilay Patel

It's been a busy day for tech acquisitions: first, Acer ponied up to acquire Gateway, which in turn was rumored to be interested in Packard Bell, and now we're hearing rumors that Quanta and Hon Hai, two of the biggest device manufacturers around, are ready to tie the knot. The rumor's actually been floating around for a while -- long enough for Hon Hai to have denied it several times -- but Quanta's CEO, Michael Wang, resigned over the weekend, in part because he disagreed with the acquisition plan. Hon Hai (also known as FoxConn) is probably best known for manufacturing the iPod, but the company isn't particularly strong in the laptop segment, where Quanta is the clear leader. Nothing's been announced yet, but it's a dramatic time in the Asian ODM world -- stay tuned.

[Via BloggingStocks]

From around the web

ear iconeye icontext filevr