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12.22.2004 - Gateway Repurchases Stock From America Online



View Gateway related news. IRVINE, Calif., Dec. 22 /PRNewswire-FirstCall/ -- Gateway, Inc. (NYSE: GTW) announced today that it has closed on its previously announced agreement with America Online, Inc., a subsidiary of Time Warner, Inc., pursuant to which Gateway repurchased all of the Gateway Series A and Series C preferred stock and approximately 2.7 million shares of Gateway common stock currently held by AOL for an aggregate purchase price of $315.6 million.

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NID: 5004 / Submitted by: TACKtech Team
Categories: Press Release
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