Lenovo Not Giving Up on Packard Bell Yet

Despite the announcement that Gateway will acquire Packard Bell, Chinese computer manufacturer Lenovo said Tuesday that it will not completely give up on attempts to acquire the company itself. If a deal between Gateway and Packard Bell falls through, the company said it will attempt to strike its own deal with the small computer maker.

Lenovo is in the midst of attempting to expand its business globally. While its IBM acquisition helped it to gain a strong foothold in the United States, acquiring Packard Bell will help its efforts in Europe. It is unlikely that the company will take on any future large acquisitions: in comments to Reuters, the company said that it was still in the process of "digesting" the IBM merger.