|
|
|
Gateway has received a $450m bid for its retail operations from the founder of eMachines, Lap Shun Hui.
China-born entrepreneur Hui sold low-cost PC maker eMachines to Gateway in March 2004 for $290m in cash and stock. He is now Gateway’s second-largest shareholder behind company founder Ted Waitt.
Gateway confirmed that it has received an unsolicited expression of interest from Hui to acquire Gateway’s retail operations.
A company statement said: “The Gateway board of directors will be reviewing the expression of interest with the help of its financial and legal advisors in accordance with its fiduciary obligations. Goldman, Sachs & Co. is serving as financial advisor to Gateway. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel.”
Earlier this month, Gateway reported a second-quarter loss of $7.7m on turnover of $919m.
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say