Vendor to sell its stake in memory subsidiary

Acer sells memory division

PC giant Acer is set to trade its 34.4 per cent share of memory module firm Apacer in a deal that will net the company a profit of 100 million Taiwanese dollars, Digitimes has reported.

The shares will be sold off to the Apacer management, A-Data technologies and Taiwanese memory manufacturers PSC, making it Apacer’s biggest shareholder with a stake of almost 25 per cent.

The deal, worth 3.3 million US dollars will enable Acer to continue its strategy of focussing on its core businesses.

Link: Digitimes

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