Technology content trusted in North America and globally since 1999
8,589 Reviews & Articles | 67,092 News Posts

Acer is welcoming a takeover of the company after share prices tumble

Acer is pretty much begging to be acquired by another company after their share prices took a dive

By Anthony Garreffa on Aug 28, 2015 04:22 am CDT - 0 mins, 57 secs reading time

Acer hasn't been doing so well lately, with the Taiwanese giant welcoming a takeover bid. The news is coming directly from Acer founder Stan Shih, where he welcomed a takeover of his company after big dips in its share price.

acer-welcoming-takeover-company-share-prices-tumble_11

Shih told reporters in a response to question about Acer being open for a takeover, that they would be "welcome" and that the buyer would get an "empty shell" and pay deeply. He added: "U.S. and European management teams usually are concerned about money, their CEOs only work for money. But Taiwanese are more concerned about a sense of mission and emotional factors".

A company spokesperson confirmed Shih's remarks on Thursday. Acer has taken some big dips recently, with big on-year sales falls, with a huge 33% drop in July alone. The company took a $90 million loss for the first half of 2015, after a slight profit in the same period of 2015. Acer noted losses for the entire of 2011, 2012 and 2013 following drops in PC sales.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:reuters.com

Related Tags