Acer Raises US$180 Million in New-Share Sale
10 Février 2015 - 11:39AM
Dow Jones News
By Aries Poon
TAIPEI--Taiwanese personal-computer maker Acer Inc. (2353.TW)
said Tuesday it raised US$180 million from selling new shares.
The new funds will be used to repay bank loans, pay interest to
bondholders and fund expansion in the software and cloud
businesses, said Acer, the world's fourth-largest PC maker by
shipments.
Company founder Stan Shih has said Acer is developing
cloud-computing services, and it will begin selling at least one
product in 2015. Analysts have expressed skepticism over the
potential of the new business becoming a major earnings contributor
in the near future.
Write to Aries Poon at aries.poon@wsj.com
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