This blog was updated at 3:30 p.m.
Gateway announced Monday that it has agreed to take over the controlling stake in Paris-based PC vendor Packard Bell.
Gateway has exercised its right of first refusal to purchase all of the shares of PB Holding Company, the parent company of Packard Bell, from Lap Shun (John) Hui and Clifford Holdings Limited, also controlled by Hui. Both companies control 75 percent of Packard Bell stock. Financial details of the transaction have not yet been disclosed.
The announcement wasn't a surprise--Gateway and Lenovo have waged a public battle over Packard Bell--with … Read more