This news makes me wonder what's really up here.
Gateway Inc., the No. 3 PC-maker in the U.S., said Friday it will reject the unsolicited $450 million offer for its retail business from the founder of eMachines Inc., Lap Shun Hui.
Just 2 years ago Gateway bought eMachines from Hui. Hmmmm.
I'm not saying that something illegal or unethical is going on, but why does this sound a little like a strange deal between brothers-in-law?
Hui is Gateway's second-largest shareholder after Ted Waitt, who founded the company in 1985.
A case of regret?
Gateway said the Aug. 23 offer for the retail operations, which accounted for 64 percent of the company's second-quarter revenue, is not in the best interest of its shareholders.
Money burning a hole in his pocket?
In 2004, Gateway bought eMachines from Hui. The company closed its own stores and adopted eMachines' strategy of selling through big-name retailers.
Just call me Curious George.
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