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European Commission approves Acer's buying Packard Bell

European Commission approves Acer's buying Packard Bell

Europe's top competition authority says the deal will not significantly impede effective competition

The European Commission Wednesday gave the go-ahead for the takeover of Dutch computer maker Packard Bell by Acer of Taiwan, after a one-month examination of the deal.

In a statement Europe's top competition authority said the deal "would not significantly impede effective competition," even though the companies compete head-on in the markets for desktops and laptops for professional and private use.

"The market would remain competitive post-merger in all segments of the PC sector with established alternative suppliers such as Hewlett-Packard, Dell, Fujitsu-Siemens, Toshiba, Sony and Lenovo," the Commission said.

Acer announced it was buying a 75 per cent stake in Packard Bell's parent company PB Holdings Co. for US$45.8 million at the end of January.

The move is seen as defensive, to prevent Chinese computer maker Lenovo from buying Packard Bell to gain a foothold in the European market. Acer commands a strong position in Europe, especially in the laptop market.


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