Acer CEO Chen: There is no merger planned with Asus

Acer CEO Chen: There is no merger planned with Asus
Acer CEO Jason Chen quickly shot down market talk of a merger between Asus and Acer by noting that the combined market share of the two tech firms is 70% in Taiwan. Thus, a merger between the two firms would violate Fair Trade laws in the country. Acer founder Stan Shih said a few days ago, that he would be open to a takeover of his company in light of its dropping stock price. 

Acer's stock price has dropped by 50% since April. For the first six months of this year, the company reported a net profit of $5.4 million USD versus a profit of $15 million USD reported during the same period a year earlier. For July, revenue declined 33% year-over-year.

While Shih did say that he would welcome a takeover of his company, his comments were an empty gesture. He added that anyone buying Acer would end up paying a lot of money for an empty shell since current management would quit, meaning that the acquiring company would have paid a lot of money for something of no value.

source: DigiTimes



1. redmd

Posts: 1943; Member since: Oct 26, 2011

They need to come up with a hero phone like the Asus Zenfone.

2. perry1234

Posts: 648; Member since: Aug 14, 2012

Well Acer CEO , big talk about emotions and all , but money matters too .....

3. kaikuheadhunterz

Posts: 1157; Member since: Jul 18, 2013

It's funnier if you know the history of Asus

4. ibend

Posts: 6747; Member since: Sep 30, 2014

they just worried if lenovo follow their path and decide to do another merge with huawei, lol

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