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Acer to Buy Gateway for $710M

Stock jumps 50% following announcement

By Kevin Spak,  Newser Staff

Posted Aug 27, 2007 1:38 PM CDT

(Newser) – Gateway’s stock jumped 50% today on news that Taiwan’s Acer will buy the former PC giant for $1.90 a share, MarketWatch reports. The acquisition leapfrogs Acer over Lenovo to the No. 3 spot in world computer sales. Meanwhile, Gateway said it will...   Read full story »

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