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Acer is about ready to throw in the towel and let itself be taken over

Unlike some of its competitors, Acer hasn’t been able to find much success in the mobile world. Ever since the PC market started dying a few years back, big-name PC manufacturers like ASUS and Lenovo have done a pretty good job of shifting their focus towards the mobile market, but Acer hasn’t been so fortunate. As the Taiwanese company’s stock continues to plummet, founder and honorary chairman Stan Shih has announced that he’s open to the idea of Acer being bought out by another company. 

Acer Inc founder Stan Shih said he would welcome a takeover of the struggling Taiwanese computer maker after a steep fall in its share price, while warning any potential buyer would pay a heavy price. “Welcome,” Shih told reporters in response to a question about whether Acer would be open to a takeover. He added however that any buyer would get an “empty shell” and would pay dearly. “U.S. and European management teams usually are concerned about money, their CEOs only work for money. But Taiwanese are more concerned about a sense of mission and emotional factors,” he said. His remarks were first reported by Taiwanese media on Thursday and were confirmed by a company spokesman. Acer has reported steep on-year sales falls in recent months, including a 33 percent drop in July. It suffered a T$2.89 billion ($90 million) loss in the first six months of 2015, versus a slight profit in the same period last year. It booked losses for all of 2011, 2012 and 2013 amid cratering PC sales. Its stock price has fallen by nearly half since early April.

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