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Packard Bell sold to eMachines founder for undisclosed sum

by Bob Crabtree on 16 October 2006, 16:39

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The news

NEC has sold its Packard Bell European consumer PC business to the Chinese entrepreneur Lap Shun "John" Hui for an undisclosed sum.

Hui co-founded eMachines, a PC system builder that was sold to Gateway in 2004 in a cash-and-stocks deal, making him Gateway's largest shareholder. Then, in August 2006, Hui put in a bid that was turned turned down to buy Gateway's retail operations for $450 million.

Now, with the purchase of Packard Bell BV, Hui has acquired a firm selling into Europe, the Middle East, Africa and South America PCs and various consumer electronics digital home products, including DVD recorders, TV sets, MP3 players and sat-nav gear.

In the UK, Packard Bell is sold as a Dixons Store Group exclusive, though whether the take over will affect that isn't in any way clear.

Check out NEC's less-than-fulsome press release on page two then share your thoughts with us in this thread in the HEXUS.lifestyle.news forum.


HEXUS.community :: discussion thread about this article


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