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Acer Snaps Up 75 Per Cent Of Packard Bell

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It's only a few months since it bought Gateway but it seems Acer hasn't had enough of gobbling up PC companies, because now it has gobbled up three quarters of PB Holdings, the holding company of Packard Bell computers. Apparently the move was fairly expected, so don't sound so surprised, and was official as of Wednesday.

The striking of the deal is apparently largely due to Acer's recent acquisition of Gateway, the latter having already been in talks with PB and been given the chance to counter offers made by any other company. Supposedly Lenovo was also interested in acquiring PB, presumably to help further establish the its position in Europe, but Acer has all but destroyed that possibility.

I have no idea what any of this means, but apparently Acer has purchased 500 common shares of PB Holdings, 30,000 Class B convertible preferred equity certificates (CPECs) and 7,000 class C CPECs. Whatever all that jargon equates to in English, it adds up to a grand total of $45.8m (£23m-ish), which in the grand scheme of things is being considered pretty good value to keep Lenovo out of the European market.

Link:
PC World Business report.

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