Gateway plans to acquire rival eMachines “in a bid to regain its footing in the PC game and broaden the distribution of its Gateway-branded consumer electronics devices at retail,” reports CNET News.com. Gateway said it plans to purchase privately held eMachines for US$30 million in cash and 50 million shares of stock. Based on Gateway’s closing price of $4.09 per share Thursday, the total value of the deal would be around $234.5 million.
