Acer, Gateway deal gains US antitrust approval

Acer's planned £355m acquisition of US PC vendor Gateway has won antitrust approval in the US, Gateway has confirmed.

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Acer's planned £355m acquisition of US PC vendor Gateway has won antitrust approval in the US, Gateway has confirmed.

The approval marks the end of a 30-day waiting period in which the US Federal Trade Commission or the Antitrust Division of the US Department of Justice may intervene or request additional time to review the deal for possible antitrust violations.

Not all transactions face antitrust scrutiny by the two US agencies. Acer, of Taiwan, was forced to file with the agencies to notify them of its intention to buy Gateway and provide details of the proposed transaction due to the size of the deal.

At the end of the day on Monday, the waiting period ended, Gateway said in a filing to the US Securities and Exchange Commission.

"The closing of the transaction remains subject to other customary conditions, including regulatory approvals in other jurisdictions which [Acer] anticipates will be satisfied over the next several weeks," Gateway said.

Acer agreed to buy Gateway in August. Once the acquisition closes, Acer will become the world's third largest PC vendor by shipments, at around 20 million desktops and laptops a year, and it will be transformed into a company with different PC brands.

The boards of directors at both companies have already signed off on the agreement.

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