Connect with us

Hi, what are you looking for?

New Products

Gateway to Exercise Right of First Refusal to Acquire Control of Packard Bell BV

Also In Discussions to Sell Professional Business Segment

Gateway, Inc. (NYSE: GTW) today announced that it intends to exercise its right of first refusal to acquire from Lap Shun (John) Hui, all of the shares of PB Holding Company, S.ar.l, the parent company for Packard Bell BV, a leading European PC vendor based in Paris. Mr. Hui sold the privately-held eMachines, Inc. to Gateway in March 2004.

Gateway acquired the right of first refusal as part of a June 2006 agreement with Mr. Hui that waived certain non-compete arrangements in connection with his purchase of Packard Bell BV. Pursuant to the right of first refusal, Gateway received a notice from Mr. Hui offering to sell all of the shares of PB Holding Company, S.ar.l, to Gateway at a price based on an offer received by Mr. Hui from a third party.

Gateway also disclosed that it is in discussions to sell its U.S.-based Professional business to a third party. Gateway’s Professional business is focused primarily on education, government and business customers.

The acquisition of Packard Bell BV and the sale of the Professional business, if completed, are consistent with Gateway’s strategy to focus resources on growing its overall consumer business, both in the U.S. and internationally.

No additional details are being provided at this time.

About Gateway
Since its founding in 1985, Irvine, Calif.-based Gateway (NYSE: GTW) has been a technology pioneer, offering award-winning PCs and related products to consumers, businesses, government agencies and schools. Gateway is the fourth largest PC company in the U.S. and among the top ten worldwide. The company’s value-based eMachines brand is sold exclusively by leading retailers worldwide, while the premium Gateway line is available at major retailers, over the web and phone, and through its direct and indirect sales force. See http://www.gateway.com/ for more information.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Cyrus Audio 80 PRE and 80 PWR

Digital Music Systems

Cyrus ditches half-width tradition with the bold new 80 Series, teased at High End Munich 2025—just don’t expect specs. In true industry fashion, it’s...

Hisense HT SATURN Promo Image Hisense HT SATURN Promo Image

New Products

Hisense gets serious about spatial audio with HT SATURN home theater speaker system tuned by Devialet for only $1,299.

Raidho Acoustics TD8 (left) and TD10 (right) - not to exact scale Raidho Acoustics TD8 (left) and TD10 (right) - not to exact scale

New Products

Raidho's TD-8 and TD-10 subwoofers deliver cutting-edge bass tech and luxury craftsmanship for those that don't want big black boxes.

MoFi Electronics Fender American Vintage Turntable Corner Tonearm Detail MoFi Electronics Fender American Vintage Turntable Corner Tonearm Detail

New Products

MoFi and Fender drop an alder-bodied stunner with Strat DNA and serious playback chops. Built in the USA for vinyl junkies with a taste...

Fyne Audio F502S Loudspeaker in walnut Fyne Audio F502S Loudspeaker in walnut

Floorstanding Speakers

Fyne Audio’s F500S Loudspeaker Series brings point-source precision, real wood cabinets, and Scottish engineering for under $3,000.

Raidho Acoustics TD3.10 Loudspeakers Front Pair Raidho Acoustics TD3.10 Loudspeakers Front Pair

Floorstanding Speakers

Raidho TD3.10: Danish engineering at its most audacious, packing industry-leading 10" diamond-coated woofers and featherweight planar ribbon tweeters into a €120K+ package. For those...

Gift Ideas?

Mother's Day Gift Guide 2025 for Audio Video TV Lifestyle Projectors and Gadgets

Gift Guides

Upgrade Mom's home audio and video experiences this Mother's Day with 10 gift ideas she'll absolutely love -- and you might too.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers