Acer snaps up Glofiish-maker E-Ten for $290 million
It's barely been a month since Acer dropped a big chunk of cash to buy up 75% of Packard Bell, but it looks like the company still had plenty of money left to throw around, as it's now parted with a hefty $290 million to buy up 100% of Glofiish smartphone-maker E-Ten. According to Acer itself, the boards of both E-Ten and Acer approved the deal unanimously, and they expect the acquisition to close sometime during the third quarter of this year. Any other details, however, are expectedly light, including any word on how future devices would be branded, with Acer chairmen J.T. Wang only saying that the "acquisition of E-TEN increases Acer's global footprint by giving us a strong and highly credible presence in the mobility segment." No word on any future moves by Acer just yet but, given its recent spending spree, we wouldn't be surprised if it tried to expand that "global footprint" even further.[Via Phone Scoop]
Reader Comments (Page 1 of 1)
Dave @ Mar 3rd 2008 4:14PM
fuck!
Juice @ Mar 3rd 2008 7:12PM
Thats it? Shit I coulda bought that and finally had them make my dream phone...
Kunikos @ Mar 4th 2008 12:51AM
If it means more competition in the US market for the VGA smartphone device category, I'm all for this. Hopefully they can improve the performance on the devices though.
Gib @ Mar 8th 2008 7:40PM
Dam i didn't even know Acer was still around....let alone had $ to spend on buying other companies