Acer pays $67.5 mn in a trademark deal

BEIJING, CHINA: Taiwan's Acer Inc released financial terms on its recent alliance with China's Founder Technology, including paying $67.5 million for use of Founder's PC-related trademarks for seven years.

Under a tie-up announced this month, Acer said it would gain access to Founder's channel network and operate the Chinese company's marketing efforts, while Founder would run Acer's after-sales services and provide support for its PC manufacturing operations.

Acer did not release financial terms then, but the world's No.3 PC vendor said it aimed to book revenue of $2.5 billion in China next year and expected to become Asia's No.2 PC brand, helped by the deal with Founder.

In a statement released late on Friday, Acer also said its subsidiaries had paid 51 million yuan for Founder's PC-related operations, product systems, copyrights and patents, and paid another 69 million yuan to secure Founder's PC-related customers and other distribution resources.

Acer and Founder are likely to jointly introduce new products in October at the earliest, the Chinese-language Commercial Times said on Saturday, without giving other details.