In a recent press release, CORSAIR announced that EagleTree Capital has reached an agreement to purchase a majority stake in the company for $525 Million.
EagleTree Capital will be purchasing the majority stake from CORSAIR shareholders Francisco Partners and several other minority shareholders. Current CORSAIR Founder and CEO Andy Paul will continue to hold a large equity stake in his company and continue his role as CEO.
“We are excited about the opportunity to partner with EagleTree and leverage the team’s consumer products expertise to further accelerate our progress,” said Andy Paul, Founder and CEO of CORSAIR. “We are very fortunate to have attracted [...]
The PC gaming peripherals market has been pretty great to Logitech lately, as the company’s recent financials revealed that their gaming products lineup saw as much as a 28% increase in sales in FY’17 year-over-year growth.
In order to maintain the momentum, Logitech has recently announced the acquisition of ASTRO Gaming, a gaming peripherals maker primarily focused in the console gaming space. Logitech believes that the acquisition of ASTRO Gaming will help Logitech quickly expand to the console gaming market and accelerate long term growth in the gaming division.
According to the announcement, Logitech will acquire ASTRO Gaming for $85 million [...]
It’s no secret that Razer has been toying with the idea of going public for quite some time. The company has employed a very aggressive expansion strategy over the past few years which has paid off handsomely; however, it appears that the company’s expansion efforts may currently be limited by the lack of funding. As a result, Razer is planning to file an IPO in Hong Kong and according to TechCrunch sources, Razer aims to raise over $600 million to pursue additional growth opportunities.
While the amount planned to be raised was not disclosed in Razer’s 345-page initial IPO paperwork filed with the Hong Kong Stock Exchange last Friday, it does [...]
Good news for US companies planning to make a run for the memory business of struggling Japanese conglomerate, Toshiba, as sources from a recent article from Reuters reports that the Japanese government is ready to block the sale of Toshiba memory to suitors that it believes to be a “risk to national security” to Japan. Countries deemed a risk to the national security of Japan seemingly includes everyone except the US, but the biggest concern is a sale of the business to China as it may give China access to “key capabilities” it’s desperately trying to obtain.
Currently, there are quite a few companies expected to make a bid for the [...]
In a recent report by the New York Times, Japanese conglomerate SoftBank may be looking to sell a 25% stake in ARM. According to the undisclosed source, SoftBank is in final stage talks to sell the stake in ARM, which they acquired for $32 Bilion in one of the largest technology acquisitions of last year. ARM is one of the largest semiconductor design firms in the world with their architecture powering a majority of the world’s mobile devices.
SoftBank is reported to be selling the 25% stake in ARM to Vision Fund, which is an investment fund started by SoftBank CEO, Masayoshi Son. The investment fund includes numerous investors and potential investors [...]
In a recent announcement, ARRIS and Broadcom announced that they’ve entered an agreement for ARRIS to acquire Broadcom’s Ruckus Wireless and ICX Switch business, a business Broadcom acquired with their acquisition of Brocade Communications Systems late last year. The acquisition, which will cost ARRIS $800 Million plus the cost of unvested employee stock awards will follow the completion of Broadcom’s acquisition of Brocade.
The inclusion of Ruckus’s networking technologies will help expand ARRIS’s product portfolio from the consumer wired and wireless networking market to education, commercial and enterprise as well. According to [...]
In a recent report from Reuters, SK Hynix may be among the suitors in the running for a stake in Toshiba’s memory business. According to an undisclosed source, SK Hynix has already submitted an initial bid for Toshiba’s memory business although no information as to how much of a stake SK Hynix is interested in purchasing.
Toshiba had recently fallen on some hard times with a failing nuclear power business and an accounting scandal that left their previous CEO out of a job and the company in billions of dollars in debt. In an attempt to protect the still profitable memory business and help keep Toshiba alive a bit longer, Toshiba spun off the memory [...]
Razer has been doing some serious shopping lately first acquiring famous audio company THX in late 2016 and according to a recent announcement, they’ve also picked up yet another company, Nextbit Systems Inc.
Nextbit, the company behind the popular cloud connected Robin smartphone, quickly saw a lot of success with the Robin which was a decent mid-range smartphone with a pricetag of just $299 and could be regularly found during the holidays for under $200.
As a part of the acquisition, Nextbit will halt all sales of its Robin smartphone however, will continue honoring warranties for 6 more months, and will continue offering software updates [...]
In yet another major IT acquisition this year, Broadcom recently announced the acquisition of enterprise networking equipment firm, Brocade Communications Systems, Inc. for a whopping $5.9 Billion.
Broadcom’s main interest in Brocade is Brocade’s portfolio of Fibre Channel Switch technology which is necessary for high speed connectivity between enterprise server and storage systems. This was previously a missing link for Broadcom who already produce HBAs for servers and the Fibre Channel ICs for enterprise storage products.
“This strategic acquisition enhances Broadcom’s position as one of the leading providers of enterprise storage [...]
Last month, we reported that a number of companies including Google, Verizon and Salesforce may be among the list of suitors to acquire social media company Twitter, but according to a recent report from the Financial Times, it looks like nobody will be buying Twitter after all.
Last week, Salesforce had become the last remaining suitor for Twitter as other companies dropped out however, according to a recent interview, Salesforce CEO Marc Benioff told the Financial Times that “In this case we’ve walked away. It wasn’t the right fit for us”. Salesforce had previously been interested in Twitter as the data from Twitter would allow Salesforce to enhance [...]