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Acer gobbles up 75% of Packard Bell

Just like expected, Acer has formally bought into Packard Bell, snapping up 75% of PB Holdings, Packard Bell's parent company. Things got a bit hairy for a bit there when Packard Bell started speaking with Lenovo as well, since Acer fears losing its strength in Europe to the Chinese giant. Luckily for Acer, Gateway was the real clincher here, since Gateway started talks with Packard Bell before getting bought by Acer itself, and had nabbed the right to counter any offers Packard Bell might get from other companies. The deal officially went through on Wednesday for $45.8 million.