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[A14.] Gateway to Acquire EMachines Gateway is acquiring the privately held eMachines in a deal valued at $266 million.
Gateway Inc. said yesterday that it would buy the privately held eMachines Inc. for $30 million in cash and $50 million in Gateway stock, in an deal currently valued at $266 million.
Privately held eMachines operated with little overhead.
Gateway In a surprise move, Gateway today says it will acquire privately held eMachines for $235 million in stock and cash.
Gateway, based in Poway, Calif., will buy privately held eMachines for $30 million in cash and 50 million shares, the companies announced Friday.
Gateway announced its first strategic shift since it acquired privately held Emachines by saying it would close its 188 Gateway Country retail stores and eliminate 2,500 retail sales jobs.
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When PC maker Gateway closed a deal to acquire privately held competitor eMachines earlier this month, it ended a process that started more than a year ago and that might have ended very differently.
To hear the firm tell its story, eMachines, which is privately held, is doing more than trying it says it sells the third-highest number of personal computers through U.S. retailers, and that it has shipped more than 4 million PCs since its first machine went on sale in November 1998 two months after the company was founded.
Each is privately held.
Rockstar is privately held.
Comex, based in Mexico City, is privately held.
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