Only the future will tell if it's a smart or stupid move. I think the article don't give an in-depth knowledge about the acquisition, thus, since we don't know the ins and outs, we can hardly decide/predict.

I also thought that it was a good offer, however, when I read that their earnings are at $2Bn and they have 3,000 employees.. that's already huge. They might have bigger plans, they know better the market and if they can double or triple their profits.