In 1988, Acer acquired Counterpoint Computers. In 1990, Acer acquired Altos Computer Corporation. In 1993, Acer acquired the PC division of Commodore International. In 1997, Acer acquired Texas Instruments notebook computer business. On 27 August 2007, Acer announced plans to acquire its US-based rival Gateway, Inc. for US$710 million. Acer's former chairman, J.T. Wang, stated that the acquisition completed Acer's "global footprint, by strengthening its United States presence". Included in this acquisition was the eMachines brand. In January 2008, Acer announced that it had acquired a controlling interest of 75% of Packard Bell. In March 2008, Acer acquired Taiwanese electronics manufacturing company E-TEN. In 2009, Acer acquired 29.9% of Italian computer system manufacturer Olidata. In August 2010, Acer and Founder Technology signed a memorandum of mutual understanding to strengthen their long term PC business cooperation. In July 2011, Acer bought iGware In
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