Acer has no acquisition plans, says CEO
Acer will continue to invest in its smartphone business but will not consider a merger or acquisition for the time being, according to company CEO Jason Chen.
Chen made the remarks in response to questions whether Acer would acquire the ill-fated smartphone vendor HTC at the company’s latest shareholders meeting.
Acer was pinpointed as a company likely to be acquired 18 months ago, but Acer has tided over the difficulties, Chen said, adding that he hopes HTC will make a turnaround also within 18 months.
Acer was approached by three handset brands – two happening much earlier and another recently – for merger talks, indicating that it is not easy running a handset business, Chen commented.