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Gateway makes bid for rival eMachines (old news - 09:43AM Friday Jan 30 2004)
By John G. Spooner - Staff Writer, CNET News.comGateway plans to acquire rival eMachines in a bid to regain its footing in the PC game and broaden the distribution of its Gateway-branded consumer electronics devices at retail. The Poway, Calif., company plans to purchase privately held eMachines for $30 million in cash and 50 million shares of stock. The companies' combined PC businesses would constitute the third-largest PC manufacturer in the United States, Gateway said, and rank it eighth in the world. The deal is subject to regulatory approval, and is expected to close in six to eight weeks. More here
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